Auditors report on the financial statements but never report on the management reports.

Question

Quizplus · Accepted Answer

Auditors primarily report on the financial statements to express an opinion on their fairness and adherence to accounting standards. However, they may also review and report on management reports, especially if those are included in the annual report to shareholders, to ensure consistency with the audited financial information or to comply with specific regulatory requirements.

Auditors Report on the Financial Statements but Never Report on the Management