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Who is responsible for auditing financial statements?

The auditor is responsible for expressing an opinion indicating that reasonable assurance has been obtained that the financial statements as a whole are free from material misstatement, whether due to fraud or error, and that they are fairly presented in ance with the relevant accounting standards (e.g., Understanding a financial statement audit - PwC pwc.com services Assurance pwc-unde pwc.com services Assurance pwc-unde

Is an audit of financial statements required by law or local authority?

A key component to ensure that local authorities remain accountable to the citizens that rely on their services is the publication of audited financial statements.

Who is the auditor of the state in Ohio?

Ohio State Auditor State Auditor of OhioIncumbent Keith Faber since January 14, 2019StyleThe HonorableTerm lengthFour years, two term limitInaugural holderThomas Gibson 18034 more rows

Which type of audits are mandatory?

A statutory audit is an official inspection of an organizations financial records by an external entity. It is designed to determine if the subjects financial statements and records are accurate, and it is not voluntary. Statutory Audit: Definition, Examples, and Type of Audit - Investopedia investopedia.com terms statutory-audit investopedia.com terms statutory-audit

Who is required to audit financial statements?

An audited financial statement is any financial statement that a certified public accountant (CPA) has audited. When a CPA audits a financial statement, they will ensure the statement adheres to general accounting principles and auditing standards. All About Audited Financial Statements - Business.com business.com audited-financial-statement business.com audited-financial-statement

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