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Audit

This topic has 1 reply, 2 voices, and was last updated 2 years ago by Ken Garrett.

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November 28, 2021 at 1:29 pm #641878
maximus07
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Hello Ken, hope you are fine.
My question is that external audit reports to shareholder or audit committee?
I read book, in one chapter it says audit committee and in other chapter it says as shareholders. That is why stuck. Please help.
November 28, 2021 at 5:15 pm #641931
Ken Garrett
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Ultimately, external auditors report to shareholders. They might first discuss problems with the audit committee to see if these can be resolved, but their primary duty is to the members/shareholders.
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