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H3Ko H3Ko
wrote...
Posts: 4891
8 years ago
An external auditor is responsible for assessing the effectiveness of a company's internal controls.
A) True
B) False
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 193 times
2 Replies

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Replies
wrote...
8 years ago
True. In fact, if you simply look up any company's annual report, you will see a letter form the external auditor expressing their thoughts on company internal controls.
H3Ko Author
wrote...
8 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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