The audit report in the annual report is prepared by an internal auditor of a company.

Question

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The audit report in the annual report is prepared by an external auditor, who is an independent third-party hired by the company to provide an unbiased opinion on the company's financial statements. The internal auditor, on the other hand, is an employee of the company and focuses on evaluating the company's internal controls and procedures.

The Audit Report in the Annual Report Is Prepared by an Internal