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Unformatted text preview: standard.” (c) “AIS 1 imposes an overriding requirement on company directors that they produce financial statements that are a ‘correct and accurate representation’ ”. (d) “The auditors are appointed by the directors to make sure that the company’s financial statements are correct and, if not, to correct them. ” (e) “The operating and financial review is the collective name given to the annual income statement, balance sheet and cash flow statement of a UK limited company.” Required: Comment critically on each of these statements....
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This note was uploaded on 11/29/2009 for the course ACCOUNTING 2 taught by Professor Reynolds during the Spring '08 term at Open Uni..
- Spring '08