What is an audit opinion?
◦ Prepared by the independent accountants, this is a written evaluation of the company's financial statements.
◦ Prepared by management, this is a written evaluation of the effectiveness of the internal controls.
◦ Prepared by the independent accountants, this is a written evaluation of the effectiveness of governance.
◦ Prepared by management, this is a written evaluation of the quality of work done by the independent accountants.
