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The Auditor's Report on the Published Financial Statements of a Large

Question 115

Multiple Choice

The auditor's report on the published financial statements of a large corporation should be viewed as:


A) The opinion of independent experts as to the overall fairness of the statements.
B) The opinion of the corporation's chief accountant as to the overall fairness of the statements.
C) A guarantee by a firm of certified public accountants that the statements are accurate.
D) A guarantee by the Financial Statements Insurance Board that the statements do not overstate assets or net income.

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