1: Written opinion of auditor 2: Shows true and fair view 3: Submitted to shareholders 4: Can be clean or qualified 5: Based on audit findings
1: It communicates auditor’s opinion on financial statements
2: Clean report means no material misstatement
3: Qualified report shows some exceptions
4: Helps users in making economic decisions
5: Must be signed and dated by auditor
2: Clean report means no material misstatement
3: Qualified report shows some exceptions
4: Helps users in making economic decisions
5: Must be signed and dated by auditor
rajshree
2026-07-10 14:09:481: It communicates auditor’s opinion on financial statements