Which one of the following is an example of the contents of an opinion paragraph found in an audit report?
A) "We have audited.."
B) "Nothing came to our attention.."
C) "The financial statements referred to above present fairly,.."
D) "An audit includes examining, on a test basis.."

Question

Quizplus · Accepted Answer

This statement is an example of an opinion paragraph in an audit report because it expresses the auditor's conclusion regarding the financial statements being presented fairly in all material respects. Option A, B, and D are all introductory statements that do not express an opinion on the financial statements.

Which One of the Following Is an Example of the Contents