External users of the financial statements
A) value the auditor's report because of the auditor's independence from the client.
B) look to the auditor's report as an indication of the statements' reliability.
C) use the audited information on the assumption that it is reasonably complete, accurate, and unbiased.
D) all of the above.

Question

Quizplus · Accepted Answer

External users of financial statements place great importance on the auditor's report because they value the auditor's independence from the client and rely on the report as an indication of the statements' reliability. They also use the audited information on the assumption that it is reasonably complete, accurate, and unbiased. Therefore, all three options mentioned in the question are correct, making option D the correct answer.

External Users of the Financial Statements