Question

In: Accounting

The securities of Donley Corporation are listed on a regional stock exchange and registered with the...

The securities of Donley Corporation are listed on a regional stock exchange and registered with the SEC. The management of Donley engages a CPA to perform an independent audit of Donley’s financial statements. The primary objective of this audit is to provide assurance to the

Board of directors of Donley.

Regional stock exchange.

Securities and Exchange Commission.

Investors in Donley securities.

Solutions

Expert Solution

Answer : Investors in Donley Securities

An audit's Primary objective is to provide assurance to the external users of Financial statements that they present fairly, in all materials respect, the financial position, results of operation, and cash flows of the company. Users include creditors, investors and potential investors.


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