Exact(13)
Since the audit opinion says the financial statements "present fairly, in all material respects" the company financial position, he could sign off on them.
Their primary task is to investigate the company's accounting data and methods carefully enough to permit them to give their opinion that the financial statements present fairly the company's position, results, and cash flows.
Instead, the boilerplate one-page pass/fail report in America merely provides "reasonable assurance" that a company's statements "present fairly, in all material respects, the financial position of [the company] in conformity with generally accepted accounting principles (GAAP)".
But Ernst was mute, unwilling to either defend its work or discuss how it had reached its now-questioned conclusion that the financial statements "present fairly" the company's condition.
"The task before us is to restore the confidence of the American people and others around the world" that audited financial statements "present a complete, true and timely report that can be relied on," Mr. McDonough told reporters in Washington after his selection was announced by William H. Donaldson, the chairman of the securities commission.
If you use statements, present them as concerns.
Similar(47)
The validity of statements presenting an opposite point of view is also discussed.
I asked her whether Wright's statements presented a problem for her or for Barack.
Both parties have equal rights to have witnesses or witness statements presented.
The music is fabulous, but it is questionable whether juxtaposing such powerful emotional statements presents them in proper relief.
They found that fully half thought at least one of the false statements presented was possibly, probably or definitely true.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com