ICAEW ARF · Chapter 12 · Question 4 of 9
In an unmodified auditor's report on the financial statements of a UK company, what does the auditor's opinion state?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Whether the financial statements give a true and fair view and have been properly prepared in accordance with the applicable framework and the Companies Act 2006
Explanation
The opinion on UK company financial statements covers whether they give a true and fair view and have been properly prepared in accordance with the applicable financial reporting framework and the Companies Act 2006. The audit opinion does not certify internal control, predict future profits, or confirm that every transaction is correct.
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