external audit
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
What are the five major types of external forces that should be examined as part of an external audit? Give an example of each type of force
Expert Solution
Step 1
External audit: An examination carried out by an unbiased accountant is known as an external audit.
The primary goal of this kind of audit is often to certify an entity's financial statements.
Certain lenders and investors, as well as all publicly-held companies, want this accreditation.
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