Problems in Auditors Financial Statements

(a) the internal cost to a company to implement the procedures necessary to even attempt to attain such a goal would be prohibitively expensive and

(b) the cost of an audit to verify such a state would be equally prohibitively expensive.

The issue then involves the steps that auditors can take to structure opinions that:

(a) recognize that some inaccuracies likely are present in a set of audited financial statements, while simultaneously

(b) providing assurance to the people of who rely on such statements that al reasonable efforts have been made to minimize the impact of any inaccur

. . .
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Approximate Word count = 671
Approximate Pages = 3 (250 words per page)

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