An auditors' report by independent accountants (auditors):
A)gives investors assurance that the company's financial statements conform to GAAP.
B)ensures that the financial statements are error-free.
C)gives investors assurance that the company's stock is a safe investment.
D)is ultimately the responsibility of the management of the client company.

Question

Quizplus · Accepted Answer

An auditors' report by independent accountants (auditors) gives investors assurance that the company's financial statements conform to GAAP. It does not ensure that the financial statements are error-free, nor does it guarantee that the company's stock is a safe investment. While the management of the client company provides information and access to records for the auditors, ultimately the auditors are responsible for the content and accuracy of their report.

An Auditors' Report by Independent Accountants (Auditors)