Value of External Audit to Shareholders

[kamran_bsh]

Will someone please help me with this....
Discuss the value of external audit to the following users:?
a- shareholders who want information about a company's performance
b- management who want to reduce risk and improve performance

[Acid]

Hi

I think I told you this today, didnt you get it?

Think like the stakeholders involved here..

[dragoon_alex]

Will someone please help me with this....
Discuss the value of external audit to the following users:?
a- shareholders who want information about a company's performance
b- management who want to reduce risk and improve performance

Answer
a
shareholders need a professional independent third party audit the financial statement to ensure whether or not the Financial statement give true and fair view and compliance with law & ISA

b
To be honesty, managemet don't like external auditor, because auditor is the person who monitor them and report to shareholders; and audit don't have responsibility to remind management about the risk performance in the company, unless it's include in the engagement.

[kamran_bsh]

No acid i havent got it...can you add some extra detail to the answer posted by alex...Some practical touch..i will be thankful..