The independent auditor's report does which of the following?
A)Describes which financial statements are covered by the audit
B)Gives the auditor's opinion regarding the fairness of the financial statements
C)Summarizes what the auditor did
D)States that the financial statements are truthful

Question

Quizplus · Accepted Answer

The independent auditor's report provides the auditor's opinion regarding the fairness of the financial statements. It does not state that the financial statements are truthful as this is ultimately the responsibility of the company's management. It may describe which financial statements are covered by the audit and summarize what the auditor did, but its primary function is to provide an evaluation of the financial statements.

The Independent Auditor's Report Does Which of the Following