Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Join our platform to connect with experts ready to provide accurate answers to your questions in various fields. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.
Sagot :
during the audit of Pittsfield cleaning, a private company, the auditors found a material overstatement that was not considered pervasive in the accounts receivable account a Qualified type of audit report should be issued.
An auditor's report is a written document expressing the auditor's assessment of whether the financial statements of a firm are in accordance with generally accepted accounting standards (GAAP) and are free of serious misstatements.
Usually, the company's annual report is released along with the independent and external audit report.
The auditor's report is crucial because banks and creditors want an audit of a company's financial accounts before financing to them.
A company's financial statements must adhere to GAAP and be free of major misstatements, according to the auditor's report.
Because banks, creditors, and regulators demand an audit of a company's financial statements, the audit report is significant.
Learn more about the audit report here
https://brainly.com/question/28341107
#SPJ4
We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.
