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eport of Independent Registered Public Accounting Firm To the Stockholders and Board of Directors Rivian Automotive, Inc.: Opinion on the Consolidated Financial Statements We have
eport of Independent Registered Public Accounting Firm
To the Stockholders and Board of Directors
Rivian Automotive, Inc.:
Opinion on the Consolidated Financial Statements
We have audited the accompanying consolidated balance sheets of Rivian Automotive, Inc. and subsidiaries the Company as of December and the related consolidated statements of operations, comprehensive loss, changes in contingently redeemable convertible preferred stock and stockholders' deficit equity, and cash flows for each of the years in the threeyear period ended December and the related notes collectively the consolidated financial statements In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December and and the results of its operations and its cash flows for each of the years in the threeyear period ended December in conformity with US generally accepted accounting principles.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board United StatesPCAOB the Company's internal control over financial reporting as of December based on criteria established in Internal Control Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission, and our report dated February expressed an adverse opinion on the effectiveness of the Company's internal control over financial reporting.
Required
a To whom is the audit report addressed? Answer
b Select True or False to indicate whether the following statements accurately describe the audit process or audit report.
Auditors express an opinion as to whether the company's financial statements present a fair picture and are free from material misstatement. Answer
Auditors express an opinion that there was not fraudulent activity at the company. Answer
Auditors' opinion is that there are no misstatements in the related notes to the company's financial statements. Answer
Auditors separately audited the company's internal controls over the financial reporting process. Answer
Auditors examined most of the company's financial transactions to ensure they were accurate and not misstated. Answer
c What sort of opinion qualified unqualified, or adverse did the auditor provide on the effectiveness of the Company's internal control over financial reporting? Answer
d The auditor provides two types of opinions in their report above. Which of the following accurately describes the scope of the two opinions? Answer
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