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1 year ago

which of these is not true regarding the special function performed by the external auditing profession?

Business

1 answer:

Vladimir79 [104]1 year ago

3 0

It serves the interests of client management rather than the public.

The special function performed by the external auditing profession is the attestation to the fairness of the financial statements of clients.

"The special function helps ensure the reliability and integrity of the financial reporting system. The auditing profession exists to serve the users of an organization's financial statements. Auditors need to remember that they are serving the public interest and not necessarily the interests of client management."

"The special function is a testament that the financial statements of their client are fair. This function serves all users of the financial statement, to ensure they all will be receiving reliable financial information."

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Answer:

option (C) $1,201,300

Explanation:

Data provided in the question:

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