Audit

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Public companies are required to have their annual financial statements audited by a registered independent accounting firm for the purpose of producing audited statements and an auditor's report. An audit is a careful examination of a company's accounting records and supporting data - both external and internal - conducted in accordance with applicable auditing standards. Interim financial statements are not required to be audited, but must be formally reviewed in accordance with applicable standards.
Created By: Russell Benasaraf 01-08-2014
Last Updated By: Russell Benasaraf 03-17-2014
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