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An independent auditor provides an unqualified opinion on the financial statements of the O'Neil Corporation. Which of the following statements is
An independent auditor provides an unqualified opinion on the financial statements of the O'Neil
Corporation. Which of the following statements is true?
a. The auditor must have followed the standards produced by the Auditing Standards Board (ASB).
b. The first paragraph of the audit report indicates the auditor's responsibility and the company's
responsibility.
c. The SEC oversees the financial reporting by O'Neil.
d. An added paragraph before the scope paragraph indicates that the auditor has not provided an
unqualified audit opinion.
