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What Are the Five Basic Types of Financial Statement Audit

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What are the five basic types of financial statement audit reports?


Definitions:

Performance Appraisal

A systematic evaluation process by which the performance of an employee is documented and analyzed, usually by their supervisor.

Self-Awareness

The conscious knowledge of one’s own character, feelings, motives, and desires.

Decisions

The process of making choices or conclusions after consideration of information and different alternatives.

Recognizes

The act of acknowledging or identifying something or someone as having a particular status or quality.

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