Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter1: Quality Auditing: Why It Matters
Section: Chapter Questions
Problem 2CYBK
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Question
The objective of financial reporting is to provide information about the financial position,
performance and as well as changes in financial position of a business in order to assist in
making economic decisions.
Briefly discuss the importance of the financial reporting framework and its role in corporate governance.
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