Write a concise answer between 350 to 400 words for each question.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Course Name: Auditing (Accounting)
Write a concise answer between 350 to 400 words for each question.
a) The purpose of an audit is to enhance the degree of confidence of interested users in the financial statements. How can you achieve this purpose? Explain.
b) “Sufficiency of audit evidence and appropriateness of audit evidence are essential for arriving at the conclusions on which the auditor’s opinion is based.” Elaborate the statement.
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