Auditor's Report On Financial Statements
See also: Financial auditIt is important to note that auditor's reports on financial statements are neither evaluations nor any other similar determination used to evaluate entities in order to make a decision. The report is only an opinion on whether the information presented is correct and free from material misstatements, whereas all other determinations are left for the user to decide.
There are four common types of auditor's reports, each one presenting a different situation encountered during the auditor's work. The four reports are as follows:
Read more about this topic: Auditor's Report
Famous quotes containing the words report, financial and/or statements:
“Today, only a fool would offer herself as the singular role model for the Good Mother. Most of us know not to tempt the fates. The moment I felt sure I had everything under control would invariably be the moment right before the principal called to report that one of my sons had just driven somebody’s motorcycle through the high school gymnasium.”
—Mary Kay Blakely (20th century)
“For the merchant, even honesty is a financial speculation.”
—Charles Baudelaire (1821–1867)
“The statements of science are hearsay, reports from a world outside the world we know. What the poet tells us has long been known to us all, and forgotten. His knowledge is of our world, the world we are both doomed and privileged to live in, and it is a knowledge of ourselves, of the human condition, the human predicament.”
—John Hall Wheelock (1886–1978)