Describe the Three Major Roles of Managers

question 7

Essay

Describe the three major roles of managers.

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Definitions:

Independent Auditor's Report

A formal opinion or disclaimer, issued by an independent external auditor as a result of an audit or evaluation of an entity's financial statements.

Financial Statements

Reports that summarize a company’s financial performance, including the balance sheet, income statement, and cash flow statement.

Auditor's Opinion

A statement issued by an independent auditor reflecting their judgement about the accuracy of a company's financial statements.

Audit

The examination and verification of a company's financial and accounting records and supporting documents by a professional, such as a Certified Public Accountant, to ensure accuracy and compliance with accounting standards and regulations.