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LSDefine

Simple English definitions for legal terms

audit report

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A quick definition of audit report:

An audit report is a written statement from an outside auditor that accompanies a company's financial statement. The report expresses the auditor's opinion on the accuracy of the company's financial condition as presented in the financial statement. It helps investors and stakeholders understand the financial health of the company and make informed decisions.

A more thorough explanation:

An audit report is a written statement prepared by an external auditor that accompanies a company's financial statement. The report expresses the auditor's opinion on the accuracy of the company's financial condition as presented in the financial statement.

For example, if a company hires an external auditor to review its financial statements, the auditor will prepare an audit report. The report will state whether the financial statements are accurate and comply with accounting standards. The report will also highlight any issues or concerns that the auditor identified during the audit.

The purpose of an audit report is to provide assurance to stakeholders, such as investors and creditors, that the financial statements are reliable and can be used to make informed decisions. It is an important tool for maintaining transparency and accountability in financial reporting.

audit privilege | audit response

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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