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Unformatted text preview: corporations, the audit committee of the board of directors ordinarily nominates the auditors and the stockholders approve the nomination. Therefore, these reports are usually addressed to the board of directors and stockholders of the corporation. The audit report is signed with the name of the CPA firm, not the name of an individual partner in the firm. The signature stresses that it is the firm, no the individual, that takes responsibility for the audit report. The audit report should not be dated earlier than the date on which the auditors have obtained sufficient appropriate audit evidence to support their opinion on the financial statements. This date is normally the last day of fieldwork, which is the date upon which the auditors conclude their investigative and documentation review procedures....
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- Spring '11