In an Unqualified Audit Report on the Financial Statements of a Public

Multiple Choice

In an unqualified audit report on the financial statements of a public company, what does the first statement of the opinion paragraph state?

A) An audit was conducted, which financial statements were audited, and the dates of the financial statements.
B) PCAOB audit standards were followed since it is a public company.
C) The audit firm believes that its audit provides a reasonable basis for its opinion.
D) Management is responsible for the fair presentation of the financial statements.