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 were presented on time

Question

Quizplus · Accepted Answer

The independent auditor's report gives the auditor's opinion regarding the fairness of the financial statements. The report may also include a description of the financial statements covered by the audit and a summary of the auditor's work, but the primary purpose is to express an opinion on the fairness of the statements. The report does not address whether the financial statements were presented on time.

The Independent Auditor's Report Does Which of the Following