Discuss the purpose and functions of the notes and the auditor’s report.

The auditor’s report is a vital component in the reporting of financial information to third-party users. For instance, businesses can utilize an auditor’s report to attract investors, obtain loans, or improve public appearance.

Based on your readings for this week:

Discuss the purpose and functions of the notes and the auditor’s report:

 

  • What information is contained in the notes and the auditor’s report?
  • Why is this important information?

With these thoughts in mind:

Post a brief statement  that expresses your thoughts on the uses of the notes and the auditor’s report. The length of your response(s) should be a minimum of 150 words.

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