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Audit

MM074y ago
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.
kengarrettkengarrettTutor4y ago#1
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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