A financial auditor's report is required to:
I. make sure that no fraudulent activity is occurring with the accounting systems.
II. provide reasonable assurance that there are no material errors in the statements.
III. attest to the fact that the auditor has performed adequate testing on the company's accounting system to ensure that the financial reporting is accurate.
IV. state an opinion about the controls and checks present in the firm's reporting procedures.
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A. B. C. D.D
IV is usually reported to management but not in the audit report. Also, a financial auditor, would, in the course of her audit, check for material misstatements but is not responsible for unearthing fraudulent activities.