Chapter 6 communicating and interpreting accounting information. The board of directors, elected by the shareholders to represent their interests, is responsible for maintaining the integrity of the company"s financial reports. An unqualified (clean) audit opinion is the auditors" declaration that the financial statements are fair presentations in all material respects in conformity with ifrs. Most investors rely on sophisticated financial analysts and information services to gather and analyze information. Financial analysts receive accounting reports and other information about the company from electronic information services, and also gather information through conversations. The results are combined into analysts" reports, which normally include forecasts of share price and future quarterly and annual earnings per share. In making these earnings forecasts, predictions of earnings for future accounting periods, the analysts rely heavily on their knowledge of how accounting system translates business events into numbers on a company"s financial statements.