Unfortunately auditing is not necessary for effective financ

Unfortunately, auditing is not necessary for effective financial reporting. Do you agree with this statement? In 250 words, defend your position

Solution

Auditing is very important for financial reporting because there are many cakuses and rules which one might not have complete knowledge except the experts who are trained for it. We can do the reporting without auditing but we will have some flaws and the help of the auditor will make uanibercome that problem. Hence auditing is necessary.