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Ford Motor Company recently received an unqualified (clean) opinion from their external auditors (PricewaterhouseCoopers LLP...

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Accounting

Ford Motor Company recently received an unqualified (clean) opinion from their external auditors (PricewaterhouseCoopers LLP {PWC}). What did PWC audit? What does an unqualified opinion actually mean to Fords management, investors, and creditors? Is PWC responsible for the contents of Fords Financial Statements? Finally, suppose that one month after Ford releases its financial statements a customer owing $90,000,000 in trade receivables (general accounts receivable) goes bankrupt. How would the customer bankruptcy affect the audited opinion? Explain your answer.

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