Benefits of assurance Flashcards
1
Q
What the Auditer Do
A
tests of control in the business, assures itself that accounts are fair and accurate
2
Q
it independently attests the …. of financial statements
A
it independently attests the credibility of financial statements
3
Q
identifies …. which can be ….
A
identifies errors which can be corrected
4
Q
identifiies final accounts are….
A
true and fair
5
Q
if the final accounts are true and fair…
A
stakeholders can rely on them to act
6
Q
might identify…
A
fraud
7
Q
assists management delevloping their….
A
control environment
8
Q
helps company build…
A
reputation
9
Q
A
