CPAR
What does CPAR stand for?
Client Performance Appraisal Report
Who is responsible for preparing a CPAR?
The external auditor
What is the main purpose of a CPAR?
To provide feedback on the financial statements
When is a CPAR typically conducted?
Every quarter
Who uses the information provided in a CPAR?
Shareholders
What is included in a CPAR report?
Financial analysis
How can a company improve based on CPAR findings?
By implementing internal control measures
What is a common challenge in conducting a CPAR?
Difficulty in gathering data
Who is responsible for reviewing a CPAR report?
Board of Directors
What is the outcome of a successful CPAR process?
Increased profits