Accg 4750 - Study guides, Class notes & Summaries
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Auditing Auditing; An International Approach. 8th Canadian Edition, Smieliauskas & Bewley. Test Bank
- Other • 455 pages • 2021
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Chapter 01 - Introduction to Auditing 
 
Chapter 01 
Introduction to Auditing 
 
Multiple Choice Questions 
 
1. Which of the following best describes the main reason that independent auditors report on a company's 
financial statements? 
A. Management fraud may exist within the company and it is likely that the independent auditors will 
detect it. 
B. Users of financial statements need confidence in the numbers they base their decisions on. 
C. Misstated account balances may be corrected as t...
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