The independent auditors\' report usually: presents a \"clean bill of health\" f
ID: 2421147 • Letter: T
Question
The independent auditors' report usually:
presents a "clean bill of health" for the company.
refers to the quality of the company's products or services.
includes an opinion that the financial statements are correct
includes an opinion that the financial statements present fairly, in all material respects, financial information about the company
A.presents a "clean bill of health" for the company.
B.refers to the quality of the company's products or services.
C.includes an opinion that the financial statements are correct
D.includes an opinion that the financial statements present fairly, in all material respects, financial information about the company
Explanation / Answer
The independent auditors' report usually includes an opinion that the financial statements present fairly, in all material respects, financial information about the company. They are the one who make sure that the statement provided comply with the Generally accepted accounting principles. It is the law from the federal securities which state that the financial statement are accurate, truthful and comply with the set of principles. Thus independent auditors have the responsibility to present the report according to the SEC guidelines.
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