(a)
Auditor’s report
An independent report about the fairness in presentation of the financial statements, results of operation, and their conformity with generally accepted accounting principles of an entity is referred to as the auditor’s report.
To identify: The ideas that the Public Company Accounting Oversight Board proposed for expanding the role of auditors in “passing judgment on more of what a company does and says”:
(b)
To find out: How the financial crisis influence public’s view on the need for more information from auditors.
(c)
To describe: The proposed “Auditor’s Discussion and Analysis”.
(d)
To discuss: Positive and negative aspects of auditors on the proposed “Auditor’s Discussion and Analysis”.
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Financial Accounting: Tools For Business Decision Making, 7e Loose-leaf Print Companion
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