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