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Exam (elaborations) ANSWER KEY TO Applied Auditing, Ma. Elenita Balatbat Cabrera, 2011 Edition Applied Auditing
- Exam (elaborations) • 272 pages • 2021
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ANSWER KEY TO Applied Auditing, Ma. Elenita Balatbat Cabrera, 2011 Edition Applied Auditing, ISBN: 0204 
CHAPTER 
1 OVERVIEW OF THE 
AUDIT PROCESS 
1-1. Auditor’s reports are important to users of financial statements because they 
inform users of the auditor’s opinion as to whether or not the statements are fairly 
stated or whether no conclusion can be made with regard to the fairness of their 
presentation. Users especially look for any deviation from the wording of the 
standard unquali...
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