Question

What is auditor's report give imaginary specimen of a clean report?​

Answer 1

The auditor's report is a written letter from the auditor containing the opinion of whether a company's financial statements comply with generally accepted accounting principles (GAAP). The independent and external audit report is typically published with the company's annual report.

Answer 2

Auditor's report give imaginary specimen of a clean report refers to the company having an error.

Explanation:

• The auditor's report give imaginary specimen of a clean report is a written statement where there is detailed information about a company’s statements being in compliance by the Generally Accepted Accounting Principles (GAAP).
• It is not an evaluation but just the auditor’s opinion.
• It shows how believable and valid the financial statements are and to be able to give such opinion the auditor must be licensed or must be an official accountant.
• These reports are made after careful evaluation because of extreme value and involvement of public.