An investor, while reading the financial
statements of Star Corporation, learned that
the statements are accompanied by an
unqualified auditor's report. From this the
investor may conclude that:
a. The auditor has ascertained that Silver's
financial statements have been prepared
accurately.
b. The auditor is satisfied that Silver is
operationally efficient.
c. Any disputes over significant
accounting issues have been settled
to the auditor's satisfaction.
d. Informative disclosures in the financial
statements but not necessarily in the
notes to financial statements are to be
regarded as reasonably adequate
statements of Star Corporation, learned that
the statements are accompanied by an
unqualified auditor's report. From this the
investor may conclude that:
a. The auditor has ascertained that Silver's
financial statements have been prepared
accurately.
b. The auditor is satisfied that Silver is
operationally efficient.
c. Any disputes over significant
accounting issues have been settled
to the auditor's satisfaction.
d. Informative disclosures in the financial
statements but not necessarily in the
notes to financial statements are to be
regarded as reasonably adequate