Using the audit report included in Chapter 1, identify and record the phrases or words that indicate to the users that the financial statements are not necessarily an exact representation of the results of operations and financial position of a company ...

Scope paragraph These standards require that we plan and perform the audit to obtain reasonable assu ...

Using the audit report included in Chapter 1, identify and record the phrases or words that indicate

Question:

Using the included in Chapter 1, identify and record the phrases or words that indicate to the users that the are not necessarily an “ exact” representation of the results of operations and financial position of a company.

Audit Report
The audit report is issued by a certified public accountant who is appointed by the shareholders to provide assurance upon the truth and fairness of the financial statements prepared by the managers of the company. Audit report contains the... Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...