Answer to Question #170030 in Accounting for Sam

Question

Select one company and analyze it auditor's report

Answer 1

Introductory Paragraph

Auditors report introduces the audited financial statement. It also provides the responsibility of a company outlining the management need of producing an appropriate accounting principle.The financial statement of the Coca-cola Company were audited within the limits and principles of accounting standards.

Scope Paragraph

It describes the scope of the audit.The auditor is able to provide an assessment if the accounts are prepared in accordance with the generally accepted accounting principle.The scope of the audit should be agreed upon based on the terms of the engagement letter.

Opinion Paragraph

After a through analysis the audit is able to identify the financial framework that have been used to prepare the financial statement and whether they give a true picture of the financial statement.He can therefore give a qualified opinion with the case regarding the statements.There are no material effect on that case with regard to the presentation.