A financial statement audit is the examination of an entity's financial information and accompanying exposures by a liberated auditor.
<h3>What is the main objective of the audit of financial statements?</h3>
The purpose of an audit of financial statements is to enable the auditor to communicate an opinion on whether the financial statements are prepared, in all material respects, by an applicable monetary reporting framework.
External auditors are accountable for auditing the company's financial statements and delivering reasonable assurance that they are presented fairly and following GAAP and that they recollect a true representation of the company's financial position and end of operations.
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Answer: It would increase as the risk of prosecution falls.
Explanation: The supply of marijuana would increase because risk of persecution would fall as more states begin to legalize recreational marijuana
Answer:
The value of X is A. 6.53 percent.
The value of Y is B. 10.83 percent
Explanation:
Note: See the full question as attached as picture below
Spot 1 Year Spot 2 Year Forward 1 Year (1-year maturity)
Treasury 3.0% 4..75% x
BBB Corporate Debt 7.5% 9.15% y
The formula to calculate the forward rate is: F1.1 = [(1+S2)² / (1+S1)] - 1
For treasury
F1.1 = [(1+4.75%)² / (1+3.0%)] - 1
F1.1 = 1.09725625 / 1.03 - 1
F1.1 = 6.53%
For BBB Corporate Debt
F1.1 = [(1+9.15%)² / (1+7.5%)] - 1
F1.1 = 1.19137225 / 1.075 - 1
F1.1 = 10.83%
Answer:
I have no idea. Its difficult. but goog question