Question

The ____________________ attests to the fairness of the presentation of the financial statements and states whether the financial statements are presented in accordance with gaap.

Answer 1

The require answer is Auditor's report.

Auditor's report:

• If the financial accounts are presented fairly and in line with GAAP, it is stated in the auditor's report and attested to by the auditor.
• The auditor's report expresses the auditor's judgment regarding the accuracy and conformity with GAAP of a company's financial statements.
• The auditor's view on whether a company's financial statements adhere to generally accepted accounting standards (GAAP) and are free of substantial misstatement is expressed in an auditor's report, which is a written letter from the auditor.
• A report from the auditor stating that the financial statements and accompanying disclosures were presented fairly. The outcome of this evaluation is the auditor's report, which attests to the fairness of the financial statements' presentation and related disclosures. The existence, completeness, rights and duties, accuracy and value, and presentation and disclosure of financial statement assertions are among those that a company's statement preparer attests to.

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