You are thinking of investing in one of two companies In one annual report, the auditors opinion states that the financial statements were prepared in accordance with generally accepted accounting principles The other makes no such claim How important is that to you Explain ...

When financial statements are prepared in accordance with generally accepted a ...

You are thinking of investing in one of two companies. In one annual report, the auditors opinion

Question:

You are thinking of investing in one of two companies. In one annual report, the auditor’s opinion states that the were prepared in accordance with generally accepted accounting principles. The other makes no such claim. How important is that to you? Explain.

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...