Telephone and Data Systems, Inc. Financial Essay

Telephone and Data Systems, Inc., (TDS) is a is a telecommunications union that provides wireless, telephone and broadband services to more than 6 million customers in 36 states through its business units U.S. cellular and TDS Telecom. The yearbook report of TDS contains minuscule pecuniary and business culture required by law. The one-year report of a comp distributively provides very in-chief(postnominal) exposit of how the company is operating. One important section of the report is the reports of the prostrate score firms. The purpose of the control?s reports is to express an toleration about the pecuniary statements. received financial information is an accept element in fashioning business decisions. Financial statements nuclear number 18 relied upon by vendors in granting trade credit, bankers in approving loans, and investors in deciding whether to invest in debt or equity of the company (Understanding meeter Report). The independent canvassor expresses an trust as to whether veracious accounting principles form been applied by management. This mind is the head of applying standard auditing procedures deemed relevant under the particular helping. The accountant?s report is an opinion and non a certification.

It is meant to depict to the financial statement users that the tender is providing reasonable assurance and non free assurance, as to whether or not the financial statements pretend been lively in uniformity with generally accepted accounting principles and enclose fairly the results of operations for the period indicated (Abrema). If the hearer is pleasant that the financial statements fairly symbolise the financial business office, the auditor issues an unmodified audit opinion. An unqualified audit opinion does not have any confine or limiting circumstances (Abrema). If the auditor is not agreeable that the financial statements fairly chip in the financial position and results of the entity or that they are not coherent with the auditor?s knowledge of the business, If you want to get a full essay, pose it on our website: Orderessay

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