The statement that "the financial statements were prepared in accordance with generally accepted accounting principles" is found in the
A)Management letter
B)Management discussion and analysis
C)Footnotes to the balance sheet.
D)Auditor's report.

Question

Quizplus · Accepted Answer

The statement that "the financial statements were prepared in accordance with generally accepted accounting principles" is included in the auditor's report. The auditor's report is a document issued by the auditor expressing their opinion on the financial statements. It serves as an independent assessment of the company's financial statements and provides assurance to stakeholders that they have been prepared in accordance with generally accepted accounting principles.

The Statement That "The Financial Statements Were Prepared in Accordance