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If a business breaks the rules of accounting and ethics, it can be liable for legal sanctions against it. It can ... on the financial statements prepared from the accounts of the business.
Most audit reports on financial statements give the business a clean bill of health, or a clean opinion. At the other end of the ... concern, these doubts are spelled out in the auditor's report.
There is no reason to be afraid of an audit if you have been ethical and truthful in your accounting methods. However, ... accountant to assist you and represent you to the audit representative.