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In the case of a joint-stock company, what assurance does an audit provide to shareholders?
  • a)
    Assurance of future profitability.
  • b)
    Assurance of a clean audit report.
  • c)
    Assurance of smooth business affairs and the safety of their investment.
  • d)
    Assurance of no errors or frauds in financial statements.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
In the case of a joint-stock company, what assurance does an audit pro...
For shareholders of a joint-stock company, an audit assures them that the company's affairs are being conducted smoothly, and their investment in the company is safe.
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In the case of a joint-stock company, what assurance does an audit provide to shareholders?a)Assurance of future profitability.b)Assurance of a clean audit report.c)Assurance of smooth business affairs and the safety of their investment.d)Assurance of no errors or frauds in financial statements.Correct answer is option 'C'. Can you explain this answer?
Question Description
In the case of a joint-stock company, what assurance does an audit provide to shareholders?a)Assurance of future profitability.b)Assurance of a clean audit report.c)Assurance of smooth business affairs and the safety of their investment.d)Assurance of no errors or frauds in financial statements.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about In the case of a joint-stock company, what assurance does an audit provide to shareholders?a)Assurance of future profitability.b)Assurance of a clean audit report.c)Assurance of smooth business affairs and the safety of their investment.d)Assurance of no errors or frauds in financial statements.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the case of a joint-stock company, what assurance does an audit provide to shareholders?a)Assurance of future profitability.b)Assurance of a clean audit report.c)Assurance of smooth business affairs and the safety of their investment.d)Assurance of no errors or frauds in financial statements.Correct answer is option 'C'. Can you explain this answer?.
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