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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D. you limited yourself to a small number of products
is your best choice
Answer: The ability to see risks that are not predicted and accessing funds from financial institutions
Explanation:
Here are some of the benefits of well-prepared risk management policy statement;
1) The ability to see risks that are not expected; a team of experts would be engaged to identify and give an overview of all forms of risk that could be possibly involved.
2) The organization attracts credit easily; Organisations attract credit from financial institutions when they are able to provide assessments that they carried out regarding risks. This gives the client's confidence that they can entrust their finance to the organization due to the firm have considered all forms of pending failures and that which would occur.
A manager's reluctance to delegate, as seen in the video influencing relates to the management function.
What's delegate in a sentence?
If you delegate duties, obligations, or strength to a person, you deliver them those responsibilities or responsibilities or that strength, in order to act in your behalf. He desires to delegate extra obligations to his employees.
What is an instance of a delegate?
An example of delegate is while you tell a person to get your mail for you. The definition of a delegate is a consultant authorized to speak or act for others. An instance of a delegate is a baby-kisser who speaks on behalf of a group of people. One who acts on behalf of one or greater others in an authentic capability.
How do you delegate personnel?
Each assignment you delegate to a person else should include clear direction and context. allow the employee realize why they may be being assigned the undertaking and the way the project will benefit the general challenge or company. Make time to reply any questions and provide feedback while necessary.
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