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Unformatted text preview: s included in this chapter to give you a basic idea of what the most common type of audit report for a public company looks like and how auditors report
their opinion to the public. mes25435_ch01_001-032.indd
mes25435_ch01_001-032.indd 24 26/05/11 9:24 PM Conﬁrming Pages Chapter 1 An Introduction to Assurance and Financial Statement Auditing 25 Conclusion
LO 10 mes25435_ch01_001-032.indd 25 You can see from this chapter that a good ﬁnancial statement auditor needs to
understand not only accounting but also the concepts and techniques of gathering and evaluating evidence to assess management’s ﬁnancial statement assertions. In addition, an auditor needs a deep understanding of business in general
as well as of the speciﬁc industries in which his or her clients operate. This is
why professionals with auditing experience frequently have attractive opportunities to move into other areas of business and management. Chief executive
ofﬁcers, business owners, chief ﬁnancial ofﬁcers, consultants, and...
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