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Why an auditor should not prepare the financial statement and then express an opinion Also the standards to which this relates?
The auditor is the person who assesses whether the financial statement has been prepared accordingly or not. Firstly it is not the role of the auditor to prepare the financial statement as the auditor has to form an independent opinion. Secondly, it would be part of internal control and corporate governance activities for the preparation of the financial statement and the audit to be conducted be two separate parties to eliminate error or fraud.
What else can I help you with?
Who is qualified to express an auditor's opinion about an entity's financial statements?
CPA
Why an independent auditor is asked to express an opinion on the fair presentation of financial statements?
An independent auditor is asked to express an opinion on the fair presentation of financial statements because a company may not be objective with respect to its own financial statements.
What is a disclaimer of opinion?
A disclaimer of opinion is issued when an auditor is unable to express an opinion on the financial statements due to significant limitations in scope or uncertainties that prevent the auditor from obtaining sufficient evidence. It indicates a lack of assurance on the accuracy or completeness of the financial information provided.
Who is the general auditor for American express company?
PwC
When was The Financial Express created?
The Financial Express was created in 1961.
Who was The Financial Express developed by?
The Financial Express was developed by Orangebd Ltd.
What financial services does financial express offer?
I'm not sure what "financial express" you are referring to. If it's the Financial Express located in Toledo, Ohio, they offer bill paying, accounting, payroll services, and tax preparation and consulting.
What is disclaimer audit opinion?
A disclaimer of opinion should be expressed when the possible effect of a limitation of scope is so material and pervasive that the auditor has not been able to obtain sufficient appropriate audit evidence and is unable to express an opinion on the financial stements.
Is Ameriprise Financial also IDS by American Express?
In 2005, American Express Company spun-off its American Express Financial Advisors unit to to American Express shareholders. In the transaction, American Express shareholders received 100% of the common stock of Ameriprise Financial, Inc. (formerly American Express Financial Corporation) IDS Property & Casualty Insurance Company is owned by Ameriprise Financial, Inc.
Does a statement have to express a complete thought?
No
What financial services are offered by American Express?
American Express offers financial planning advice, retirement investments advice as well as brokerage and financial investment advice. These are a few of the services offered through American Express.
What is a bold statement?
When you "make a bold statement", you express an opinion in a brave way.
