Now let.docx - Now lets look at Quality Control What I ask you to think about is that quality control is a try and why is a try Quality control the very

Now let.docx - Now lets look at Quality Control What I ask...

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Now let’s look at Quality Control . What I ask you to think about is that quality control is a try, and why is a try? Quality control the very top, it’s talking about people being able to trust, people be able to believe, financial statements. So, you are looking at from the eyes of the user, of an outsider. So, can an outsider, can an investor, trust financial statements? So, auditing as a quality control devise means Auditing helps trust, without it, there is less trust. And less outsiders trust financial statements, outsiders and investors will not invest their money and companies cannot grow, the economy may stop. Ok, how do we get to the position of trust? There are two supports: quality process and quality approach. When you thinking quality process, I want you to think about law and rules , they are all key issues. And cause the three ??? that would ??? come to my mind and start talking about laws or rules: the accounting standards, the law and rules, how do accountants prepare financial statements? These are the rules that you must obey, then as the Corporation Law which again
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