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The performance of an independent examination of the financial statements of a company for the purpose of expressing a professional opinion on the fairness of their presentations and disclosures.
For purposes:
- To furnish stockholders or owners of the business with an independent appraisal of managements financial reports
- To comply with requirements of government agencies or international financial institutions.
- To support loan applications.
- To fulfill the requirements of creditors or possible purchasers of a business.
- To assist management in its information and control
requirements.
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