Audit opinion lends credibility to the companys financial statements by validating the techniques used for reporting its results. Financial reports assist users to take decisions about the management of the company. The accounts should, therefore, avoid misleading users about the companys results. The directors interest in showing good results about the companys operations may conflict with the objective of preparing accounts which give a true and fair view. Because of that, it is argued that the need for validation of lack of bias is best provided independently of the source of the...
Audit opinion lends credibility to the companys financial statements by validating the techniques used for reporting its results. Financial reports ...