The independent auditor's report does which of the following?
A) Summarizes what the auditor did.
B) States that the financial statements are effective.
C) Gives the auditor's opinion regarding the fairness of the financial statements.
D) Describes that the common-sized statements are covered by the audit.

Question

Quizplus · Accepted Answer

The independent auditor's report gives the auditor's opinion regarding the fairness of the financial statements. While the report does summarize what the auditor did, it does not state that the financial statements are effective or describe that common-sized statements are covered by the audit.

The Independent Auditor's Report Does Which of the Following