Question

Independent auditors express an opinion on the:________.
A) Fairness of financial statements.
B) Amount of income taxes a company owes to the government.
C) Quality of the company's products.

Answer 1

Answer:

A) Fairness of financial statements.

Explanation:

Auditors review the financial statements of firms.

An unqualified or clean audit opinion means the financial statements are true and fair.

A qualified opinion means that there is some exception to accounting standards in the financial statement.

An adverse audit opinion means that the financial statement are not fairly represented