An investor reading the financial statements of The Sundby Corporation observes that the statements are accompanied by an unmodified auditors' report. From this, the investor may conclude that:
A. Any disputes over significant accounting issues have been settled to the auditors' satisfaction.
B. The auditors are satisfied that Sundby is operationally efficient.
C. The auditors have ascertained that Sundby's financial statements have been prepared accurately.
D. Informative disclosures in the financial statements but not necessarily in the footnotes are to be regarded as reasonably adequate.
A. Any disputes over significant accounting issues have been settled to the auditors' satisfaction.
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