In order for users of financial statements to have the assurance that the statements have been prepared in conformity with accounting and financial reporting standards established by authoritative bodies,and that all material facts have been disclosed,the statements should be accompanied by the report of an independent auditor.

Question

Quizplus · Accepted Answer

This statement is true. An independent auditor's report provides assurance to users of financial statements that the statements have been prepared in accordance with applicable accounting and reporting standards and that any material facts have been disclosed appropriately.

In Order for Users of Financial Statements to Have the Assurance