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OFFiCks1L COPY AUDITING AND FINANCIAL ANAL YS1S DIVISION. FPSCII I IiIANNUAL REPORT OFI ILOCAL EXCHANGE TELEPHONE COMPANIESFRONTIER COMMUNICATIONS OF THE SOUTH, INC. (EXACT NAME OF RESPONDENT)201
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01
Gather all the necessary financial documents and records for the audit.
02
Review the audit guidelines and requirements set by the regulatory body or organization.
03
Conduct fieldwork to verify the accuracy and completeness of the financial statements.
04
Analyze the findings and prepare the audit report outlining the results of the audit.
05
Review the audit report with the auditee and stakeholders before submitting it.

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Companies and organizations who want to ensure financial transparency and compliance with regulations.
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Regulatory bodies who require audits to be conducted on certain entities.
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Investors and creditors who rely on audit reports to assess the financial health of a company.
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A report on audit is a formal document that provides an evaluation of an entity's financial statements or operations, assessing their accuracy and compliance with applicable accounting standards and laws.
Entities such as public companies, large private companies, and organizations that are subject to specific regulations are usually required to file a report on audit.
To fill out a report on audit, an auditor must review the financial statements, gather evidence, assess the organization's controls, and document findings in accordance with the relevant auditing standards.
The purpose of a report on audit is to provide assurance to stakeholders that an entity's financial statements are free from material misstatements and are presented fairly.
The report must include the auditor's opinion, a summary of the audit scope, any significant findings, and compliance with accounting standards.
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