Case study of diferences between US and UK accounting

1. Discuss the differences between the US and UK "opinion" paragraphs of the auditors reports. What practical effects might these differences have? <Tab/>In general the standard form that audit reports take in the US in comparison to that of the UK is very similar. In both countries the audit report seeks to give a second opinion as to the fairness of the financial statements and in both cases will state the …

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