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Study café. Along FORM AUDIT REPORT Ready Reckoned Mere give the main audit report and a bunch of certificates to the Bank management, RBI and their stakeholders are not enough in the current era
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Long form audit report is a detailed report prepared by auditors that provides an in-depth analysis of a company's financial statements and internal controls.
Publicly traded companies, large private companies, and other organizations that are subject to regulatory requirements may be required to file long form audit reports.
Long form audit reports should be filled out by qualified auditors who have thoroughly examined the company's financial records and internal controls.
The purpose of a long form audit report is to provide stakeholders with a comprehensive understanding of a company's financial health and compliance with regulations.
Long form audit reports typically include a company's financial statements, auditor's opinion, analysis of internal controls, and any other relevant information.
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