The audit report attests to the fairness of the presentation of the financial statements.

Question

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The primary purpose of an audit is to give assurance that the financial statements are free from material misstatement and that they present fairly, in all material respects, the financial position, results of operations, and cash flows of the entity in accordance with the applicable financial reporting framework, which could be generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS) or any other financial reporting framework. Therefore, the audit report attests to the fairness of the presentation of the financial statements.

The Audit Report Attests to the Fairness of the Presentation