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Sep 30, 2023 · 3 min read
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What is a private company audit?
Many companies and company stakeholders rely on audited financial statements to present a fair and materially accurate picture of their economic situation. Audits — which are performed by CPAs -- provide an opinion on whether the financial statements that company management has prepared, taken as a whole, are fairly presented and comply with appropriate financial reporting standards. In an audit, the auditor takes steps that include examining evidence and determining whether the financial statements
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