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6. Which of the following best describes the results of the annual audit reported to the appropriate standing committee of the legislature?

A. The audit found significant discrepancies in financial reporting.
B. The audit confirmed compliance with all regulatory requirements.
C. The audit identified areas needing improvement in internal controls.
D. The audit reported no significant issues or irregularities.

Sagot :

GinnyAnsweridn

Final answer:

Audit reports are crucial assessments by external auditors to determine the accuracy of an organization's financial statements, reported to legislative committees for transparency.


Explanation:

Audit reports are essential documents prepared by external financial auditors to assess an organization's financial statements for accuracy and fairness. They provide an opinion on whether the financial statements represent the organization's financial position fairly. The results of the annual audit are reported to the appropriate standing committee of the legislature to ensure transparency and accountability in financial matters.


Learn more about Audit Reports and Legislative Oversight here:

https://brainly.com/question/1200266


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