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Answers: Introduction Auditor of the company plays the fiduciary relation in its working and reporting. Fiduciary position has been mentioned because of the fact that the auditor has to consider the interest of the stakeholders as well as the interest of the company. The auditor is required to present the report with all the material facts and figures which is necessary to the stakeholders and the shareholders of the company. As the title sugge...Read More
Answer: Part A Qualitative characteristics of financial reporting Primary users of financial reporting can be classified as either present or potential investors, lenders as well as creditors. They listed groups of people technically use the information presented in financial reporting to make decisions that have to do with buying or selling or even holding debt instruments or equity, providing or settling diverse forms of credit such a...Read More
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