Discussion – Week 2
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The auditor’s report is a vital component in the reporting of financial information to third-party users. For instance, businesses can utilize an auditor’s report to attract investors, obtain loans, or improve public appearance.
Based on your readings for this week:
Discuss the purpose and functions of the notes and the auditor’s report:
- What information is contained in the notes and the auditor’s report?
- Why is this important information?
With these thoughts in mind:
Post a brief statement by Day 3 that expresses your thoughts on the uses of the notes and the auditor’s report. The length of your response(s) should be a minimum of 150 words.
Be sure to support your work with specific citations from the Learning Resources and any additional sources
- Video: Laureate Education (Producer). (n.d.). Financial statements [Video file]. Retrieved from https://class.waldenu.edu
- Video: Laureate Education (Producer). (n.d.). Examining the balance sheet [Video file]. Retrieved from https://class.waldenu.edu
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