Read State of Maine Comprehensive Annual Financial Report (CAFR) for Fiscal Year ending 2016, and also read
Question:
Describe the auditor's opinion on the financial statements and what it means. Is it a statement on the fiscal health of state government or on the presentation of the financial statements?
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...
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Auditors Opinion on the Financial Statements The objective of an audit is to provide assurance whether financial statements of the entity give true and fair view or not The management is responsible f...View the full answer
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Related Book For 
Core Concepts of Government and Not For Profit Accounting
ISBN: 978-0471737926
2nd edition
Authors: Michael H. Granof, Penelope S. Wardlow
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