Match each statement to the item listed below.
-Contains the auditor's opinion as to whether the financial statements fairly present the company's financial position and results of operations
A)Audit report
B)Fiscal year
C)Financial statements
D)Management's discussion and analysis
E)Notes to the financial statements

Question

Quizplus · Accepted Answer

The audit report contains the auditor's opinion on the fairness of the financial statements.

Answer: C
 The financial statements are the main set of documents that provide information on a company's financial position and results of operations.

Answer: D
 Management's discussion and analysis (MD&A) is a separate section in the annual report that provides management's perspective on the financial performance of the company.

Answer: E
 The notes to the financial statements provide additional details and explanations for specific items reported in the financial statements.

Answer: B
 The fiscal year is the 12-month period that a company uses for financial reporting purposes. It may or may not coincide with the calendar year.

Match Each Statement to the Item Listed Below