What purpose do audits and gaaps serve in business world

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Reference no: EM131463504

Question: 1. What purpose do audits and generally accepted accounting principles (GAAPs) serve in today's business world?

2. How do the major provisions of the Sarbanes-Oxley Act affect a public company's audit procedures?

3. List four groups that use accounting information, and briefly explain why each group has an interest in this information.

Reference no: EM131463504

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