Guest Column: What guidance can your auditor provide (or not)?

Financial statement auditors don’t make business decisions for clients — their job is to assess risk

Financial statement auditors don’t make business decisions for clients, nor do they take any part in accounting processes or procedures. It’s not even their primary goal to test internal controls. Their job is to assess risk. In the process of conducting audit and assurance work, your audit team will gain knowledge about operational controls and…

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