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#cfa-level-1 #reading-22-financial-statement-analysis-intro
The standard independent audit report for a publicly traded company normally has several paragraphs under both the international and US auditing standards.
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3.1.7. Auditor’s Reports
financial statements are fairly presented, meaning that there is a high probability that the audited financial statements are free from materialerror, fraud, or illegal acts that have a direct effect on the financial statements. <span>The standard independent audit report for a publicly traded company normally has several paragraphs under both the international and US auditing standards. The first or “introductory” paragraph describes the financial statements that were audited and the responsibilities of both management and the independent auditor. The second or “scope”


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