7.
report to shareholders contains an opinion as to whether the financial
statements present true and fair view of state of affairs of the company.
(A)
directors
(B)
auditors
(C)
annual
(D)
committee
Answers
Answer: auditors
Explanation:
report to shareholders contains an opinion as to whether the financial statements present true and fair view of state of affairs of the company.
(A) directors
(B) auditors
(C) annual
(D) committee
The correct answer is :
(B) auditors
Explanation :
An auditors report to shareholders contains an opinion as to whether the financial statements present true and fair view of state of affairs of the company.
An auditors report is an expression of opinion on the financial statements, taken as a whole. But it is in this the claim that this opinion is not being expressed. This standard yet establishes the requirement with respect to the contents of the auditor's report. The auditor is in a position to express an unqualified opinion on the financial statements. When the auditor audits the financial statements in accordance with the given standards, in certain circumstances the auditor expresses a qualified opinion on the financial statements or disallows the opinion of another.
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