The independent auditor's report conveys whether or not the business is a good investment.

Question

Quizplus · Accepted Answer

The independent auditor's report provides an opinion on whether the financial statements of the business are presented fairly in all material respects, based on the auditor's evaluation of the evidence obtained. It does not provide an opinion on whether the business is a good investment or not. It is just one factor that investors may consider when making investment decisions.

The Independent Auditor's Report Conveys Whether or Not the Business