Which of the following is not found in the standard unqualified audit report on financial statements? a.

Question:

Which of the following is not found in the standard unqualified audit report on financial statements?

a. An identification of the financial statements that were audited.

b. A general description of an audit.

c. An opinion that the financial statements present financial position in conformity with GAAP.

d. An emphasis paragraph commenting on the effect of economic conditions on the 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...

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