Asked by Mannat Rattan on May 11, 2024
Verified
The auditor's report is where the auditor certifies that the financial statements are correct and accurate.
Auditor's Report
A formal opinion issued by an accountant or audit firm regarding the accuracy and completeness of an entity's financial statements.
Certifies
Officially recognize or attest, often in writing, that a set of conditions, standards, or requirements has been met.
- Grasp the significance of the auditor's report and the different types of audit opinions.
Verified Answer
AA
amirah awang anakMay 15, 2024
Final Answer :
False
Explanation :
The auditor's report provides an opinion on whether the financial statements are presented fairly, in all material respects, in accordance with the applicable financial reporting framework, but it does not certify that the financial statements are correct and accurate in every detail.
Learning Objectives
- Grasp the significance of the auditor's report and the different types of audit opinions.
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