After verifying information on the financials by an independent auditor,the auditor issues an "opinion on the ________ of presentation of the financial statements."
A)verification
B)validation
C)fairness
D)properness

Question

Quizplus · Accepted Answer

The auditor issues an opinion on the fairness of presentation of the financial statements after verifying the information on the financials by an independent auditor. The term "fairness" refers to whether the financial statements are presented in accordance with generally accepted accounting principles (GAAP) and whether they accurately reflect the company's financial position and performance.

After Verifying Information on the Financials by an Independent Auditor,the