Match each the following statements with the appropriate type of auditors report (each auditors report may be

Question:

Match each the following statements with the appropriate type of auditors’ report (each auditors’ report may be used once, more than once, or not at all):
A. Adverse.
D. Disclaimer.
Q. Qualified.
S. Standard unmodified.
Statement Type of Audit Report
a. The auditors are unable to determine the overall fairness of the This is the report most clients prefer.
c. A limitation on the scope of the audit is significant, but not so as to overshadow an overall opinion.
d. The are not fairly presented.
e. A material departure from exists, but not so material as to overshadow an overall opinion.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...