Telephone and Data Systems, Inc. Financial Essay

Telephone and Data Systems, Inc., (TDS) is a is a telecommunications union that provides wireless, bring forward and broadband services to more than 6 million customers in 36 states through its business sector units U.S. Cellular and TDS Telecom. The yearbook hide of TDS contains little pecuniary and business reading required by law. The annual work of a comp each provides very grave details of how the company is operating. One important section of the report is the reports of the unconditional accounting firms. The purpose of the accountant?s reports is to croak an credence about the pecuniary statements. Reliable financial information is an demand element in making business decisions. monetary statements atomic number 18 relied upon by vendors in granting mass credit, bankers in approving loans, and investors in deciding whether to invest in debt or equity of the company (Understanding Auditor Report). The independent canvassor expresses an vox populi as to whether veracious accounting principles have been applied by management. This feeling is the head of applying standard auditing procedures deemed applicable under the contingent circumstances. The accountant?s report is an opinion and non a certification.

It is meant to indicate to the financial statement users that the attender is providing reasonable self-assertion and not free assurance, as to whether or not the financial statements have been lively in accordance with generally legitimate accounting principles and enclose somewhat the results of operations for the period indicated (Abrema). If the auditor is satisfied that the financial statements fairly present the fi nancial business office, the auditor issues! an unqualified audit opinion. An unqualified audit opinion does not have any restricting or restrict circumstances (Abrema). If the auditor is not satisfied that the financial statements fairly present the financial position and results of the entity or that they are not consistent with the auditor?s knowledge of the business, If you want to get a full essay, pose it on our website: OrderEssay.net

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