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Who relies on the financial statements

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Reference no: EM13500021

a) Who relies on the financial statements (external users) and why, what are they using the statements for?

b) What happens if an External User relies on financial statements that are inaccurate? (what could happen to the corporation)

c) What negative consequences can arise from relying on inaccurate financial statements? (what could happen to the external user)

Reference no: EM13500021

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