Recent Posts  •  Latest Topics  •  Unresolved Questions
  
  
Top Posters
Since Sunday
15
14
7
i
5
j
5
a
4
m
4
p
4
e
4
s
4
1
4
j
4
Home Q & A Board Other Fields Homework Help Business
New Topic  
flemingpk flemingpk
wrote...
Go to Answer
Posts: 23
Rep: 0 0
1 months ago
An audit is a formal evaluation of the fairness and reliability of a client's financial statements.

▸ true

▸ false
Textbook 
Business in Action

Business in Action


Edition: 9th
Authors:
Read 6 times
1 Reply
Replies
Answer verified by a subject expert
itsbreckitsbreck
wrote...
#1
Posts: 18
Rep: 0 0
1 months ago
Sign in or Sign up in seconds to unlock everything for free
More questions for this book are available here
true

An audit is a formal evaluation of the fairness and reliability of a client's financial statements. An unqualified or "clean" audit report means that to the best of the auditor's knowledge a company's financial statements are accurate and conform to GAAP practices. Auditors issue qualified reports when they are unable to verify all relevant information or to call attention to nonstandard elements within the report. If the departures from normal practices are significant and unfairly represent the company's finances, the auditor issues an adverse opinion.
1

Related Topics

flemingpk
wrote...
Posts: 23
Credits: 10

1 months ago
Correct Slight Smile TY
patyfeitosa
wrote...
Posts: 75
Credits: 40

Yesterday
Brilliant ツ
GeorgeNeist
wrote...
Posts: 87
Credits: 40

2 hours ago
This site is awesome
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  64 People Browsing
 196 Signed Up Today
Start New Topic Take the Tour Study Tips Topics TrendingNew Browse by Textbook
Related Images
 240
 108
Your Opinion
Do you believe in global warming?
Votes: 326
Previous poll results: What's your favorite funny biology word?