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Audit Report

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What information is provided in the auditors' report?

Does the audit report offer any guarantees? Explain.

What do you think that the general public believes the auditors are providing?

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Solution Summary

This posting discusses the contents, authenticity and credibility of an auditor's report.

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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. The opinion informs users of financial statements if they have been prepared in accordance to the GAAP, if they show a true and fair report of the operating profits, financial position and cash flow statements, and if these statements are free of material misstatements. The auditor opinion states that the facts given in the reports are accurate and has "no material misstatements".

Does the ...

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