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:
The gesture exemplifies its social responsibility.
Explanation:
The social responsibility of an organization is the contribution that it makes to the society because the soiety has made it what it is today. Because the society has contributed to its success, the company must contribute to the society as well. The helping of underprivileged people for free who are part of the society is an evidence that ht company knows its responsibilities towards the society and is an example of corporate social responsibility.
Answer:
The statement is absolutely wrong.
Explanation:
The reason is that the just like humans, a company is also part of the society and so it owes a duty of care towards them. The least that an organisation can do is to compensate the stakeholders that are harmed by their operations.
In the nutshell, the animals and plants are also part of our society and they have an equal right to live on this planet as we have. The least the company can do is not harm them or if it harms them due to its negligence then it should compensate them.
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