A Report by Independent Accountants of Financial Statements is an assurance report issued by an independent accounting firm attesting to the accuracy of a company’s financial statements. The report is based on the auditor's professional judgment on whether the financial statements are free from material misstatements. The report is usually issued in conjunction with the company’s annual financial statements and is essential for stakeholders to make informed decisions about their investments. There are two types of Report by Independent Accountants of Financial Statements: 1. Unqualified Report: This report indicates that the financial statements of the company are presented fairly and that the information is in compliance with applicable accounting standards. 2. Qualified Report: This report indicates that the financial statements of the company are presented fairly and that the information is in compliance with applicable accounting standards, but with certain exceptions or qualifications.
Report by Independent Accountants of Financial Statements
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