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The independent auditor's report does which of the following?
a. Describes which financial statements are covered by the audit
b. Summarizes what the auditor did
c. Gives the auditor's opinion regarding the fairness of the financial statements
d. States that the financial statements were presented on time
Solution
Auditor issue report to express his opinion on the true and fair view of financial statements.
Whether the financial statements are presented as per the GAAP or not. Thus, the correct option
is Option C, Gives the auditor's opinion regarding the fairness of the financial statements.

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  • 1. The independent auditor's report does which of the following? a. Describes which financial statements are covered by the audit b. Summarizes what the auditor did c. Gives the auditor's opinion regarding the fairness of the financial statements d. States that the financial statements were presented on time Solution Auditor issue report to express his opinion on the true and fair view of financial statements. Whether the financial statements are presented as per the GAAP or not. Thus, the correct option is Option C, Gives the auditor's opinion regarding the fairness of the financial statements.