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 gives the auditor's opinion regarding the fairness of the financial statements. It may also briefly describe which financial statements are covered by the audit and summarize what the auditor did, but its main purpose is to provide the auditor's opinion on the fairness of the financial statements. The report does not state that the financial statements are truthful - this is not the auditor's role.

The Independent Auditor's Report Does Which of the Following