APPLIED AUDITING
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Latest content APPLIED AUDITING
Auditor’s reports are important to users of financial statements because they 
inform users of the auditor’s opinion as to whether or not the statements are fairly 
stated or whether no conclusion can be made with regard to the fairness of their 
presentation. Users especially look for any deviation from the wording of the 
standard unqualified report and the reasons and implications of such deviations. 
1-2. Other requirements for an effective audit are: 
a. Comprehensive knowledge of GAAP;...
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