Question

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.

Think about the following: • The purpose and functions of the notes to the financial statements • The auditor's report, which are both in the annual report

What significant information is included in the auditor’s report? What crucial information to completely understanding the financial statements could be included in the notes to the financial statements?