The auditor's report:
A)guarantees accuracy.
B)guarantees the quality of the earnings.
C)attests that the statements are a fair presentation of financial position.
D)all of the above are true

Question

Quizplus · Accepted Answer

The auditor's report does not guarantee accuracy, as there may be errors or fraud that the auditor did not detect. It also does not guarantee the quality of earnings, as this is dependent on many factors outside of the financial statements. However, the auditor's report does attest that the financial statements are a fair presentation of the company's financial position, in accordance with the applicable accounting standards.

The Auditor's Report