E479 - What Your Audit Report Really Says

What Your Audit Report Really Says

Most investors see the independent auditor's report at the beginning of a company's annual filing and probably think, “Looks clean. Move on.”

But what does that report actually tell us?

In this episode of Trail Boss Radio, we slow down and look at the audit report, auditor independence, internal controls, material weaknesses, and the different types of audit opinions—and translate all that accounting language into something an everyday investor can actually use.

The audit isn't designed to tell us whether a company is a great investment. It isn...