Purchase Solution

Assurance provided by the auditor's report

Not what you're looking for?

Ask Custom Question

In your opinion how much assurance is provided by the auditor's report? Is it even worth publishing?

Purchase this Solution
Solution Summary

The solution discusses how much assurance is provided by the auditor's reports.

Solution Preview

The auditor's report does offer some assurance that the financial reports are accurate and complete. However, as we saw during the accounting scandals over the past two decades, the financial reports are only as good as the ethics of the reporting and auditing firms.

As to whether the auditing reports are worth ...

Purchase this Solution
Free BrainMass Quizzes
Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

Basics of corporate finance

These questions will test you on your knowledge of finance.

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

View More Free Quizzes
Related BrainMass Solutions

  • Importance and demand for audit and other assurance services

    By issuing their audit report, the external auditor verifies the fairness and completeness of the financial information provided to outsiders.

  • Audit Internal Control

    This is the purpose of the auditor, to test the system and report an opinion. The difference between an auditor's opinion of management's assessment of internal control and the auditor's opinion of the effectiveness of internal control.

  • Audit Report

    What information is provided in the auditors' report? The auditor's report contains an opinion on the company's financial statements and the notes attached to these statements.

  • Responsibilities of a CPA

    This can be accomplished by the audit report which states clearly that the CPA audited the financial statements for the year ended December 31, 2007.

  • Auditor Report

    Auditing and Assurance services. Pearson Higher Ed. The answer to this problem explains deficiencies in auditor's report. The references related to the answer are also included.

  • Appropriate Types of Audit Report

    /Audit_AR_ENG.doc Audit Report is discussed step-by-step in this solution. The response also has the sources used.

  • Audit Opinion: Unqualified Report

    - What steps can be taken by TPC to address any concerns? Audit Opinion: Unqualified Report First, a standard unqualified audit report contains seven distinct parts which are as follows: 1.

  • Practice Auditing Questions

    There are several paragraphs included in the auditor's standard report in internal control over financial reporting. Which paragraph defines internal control over financial reporting?

  • Auditor Reports, Evaluations and Finalizing

    The level of responsibility depends on the type of report and the opinion usually lists the amount of reliance or assurance that can be placed on the report. In virtually all of these cases, the level of assurance is less than a full audit.

View More Related Solutions