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Question 1. Asked on :20 August 2020:10:27:37 AM

 Write the Importance of Audit Report?

-Added by nisha sheikh Accountancy » Auditor And Related Provisions

Answer:

nisha sheikh

Importance of Audit Report:

1. Audit Report helps an auditor to express his opinion on financial statements.

2. It shows the scope of work done and the responsibility assumed by the auditor while conducting audit.

3. The conclusions drawn by the auditor are communicated to the management through audit report.

4. It helps the shareholders of the company to know the state of affairs of the company.

-Answered by nisha sheikh On 22 August 2020:09:58:11 AM(20215Average Rating Based on rating)

 

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