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The duties of external auditors are to prepare accounts and audit them. True or False?

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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/02/18
HASSAN AHMED
by HASSAN AHMED , Internal Auditor , TIE

False because external auditor is the 3rd person who just audit & certifies the financials of the company, made by the Finance manager or finance dept.

MINA MAKAR
by MINA MAKAR , Senior Accountant , international containers terminal services

fals , the external auditor only audit the account and express an opionion 

Malek Ibrahem
by Malek Ibrahem , ACCOUNTANT , CENTRAL TRADE&AUTO CO.

False , The auditors has nothing to do with preparing accounts 

MUHAMMAD ETIMAD SYED
by MUHAMMAD ETIMAD SYED , Senior Financial Accountant , TA'AZ Group of Companies

This statement is FALSE. Duty to prepare financial statement is of the Management.

 

External Auditors are required to express on opinion on the accuracy and relaiability of the financial statements that whether they give a true and fair view on a specific date.

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