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Who is the independent auditor of twitter's financial statements?
The firm Deloitte & Touché LLP is the independent auditor for Twitter. They handle all of the financial statements for this company.
The objective of the ordinary examination by the independent auditor is the expression of an opinion on what?
The objective of the ordinary examination by the independent auditor is to express an opinion on the fairness and reliability of an entity's financial statements. This involves assessing whether the financial statements are presented in accordance with applicable accounting principles and free from material misstatement. The auditor's opinion provides assurance to stakeholders about the credibility of the financial information reported by the entity.
What is the role of an auditor in terms of the financial statement?
External Auditor has the role to materially evaluate the financial statements and provide his opinion that 'Does financial statements reflects true and fair activities of business' or not.
What is adverse opinion?
An adverse opinion is an independent auditor's written view that an organization's financial statements are inaccurate. This indicates that the statements are misleading or may not follow accepted accounting rules.
Why an independent auditor reports on financial statements?
to assure the shareholders that the company's accounts gives the true n fair picture of the company's affairs...
What is adverse audit opinion?
An adverse opinion is an independent auditor's written view that an organization's financial statements are inaccurate. This indicates that the statements are misleading or may not follow accepted accounting rules.
Who is qualified to express an auditor's opinion about an entity's financial statements?
CPA
How you do statutory audit?
A statutory audit involves a systematic examination of a company's financial statements and records by an independent auditor to ensure compliance with legal and regulatory requirements. The process typically includes planning the audit, assessing risks, evaluating internal controls, performing substantive testing, and gathering sufficient evidence to form an opinion on the financial statements. The auditor then issues an audit report, which expresses their opinion on whether the financial statements present a true and fair view of the company's financial position. Finally, the auditor communicates findings and recommendations to the management and stakeholders.
What opinion is issued if the external auditor does not find any problems with the way a firm prepares and reports its financial statements?
If an external auditor does not find any problems with a firm's financial statements, they typically issue an "unqualified opinion" or "clean opinion." This opinion indicates that the financial statements are presented fairly, in all material respects, in accordance with the applicable financial reporting framework. It signifies that the auditor believes the statements are free from significant misstatements or discrepancies.
What is auditer report?
An audit report is an opinion that is written by an auditor to show if the financial statements are correct. The auditor will indicate if they state the true financial position of the company.
Must audited financial statements be signed by the auditor?
Yes audited financial statements are jointly signed by auditors as well as management of company as an acknowledgment.
What do auditors do?
An auditor specialises in examining and verifying a set of financial statements by reference to evidence (physical, oral, documentary, etc). When he/she are satisfied that the financial statements are true and fair, the auditor will issue a clean auditors' report; on the other hand, if the financial statements or the company are detected to show problems (e.g. show signs of fraudulent activity), the auditor's report will also make this clear.
