Final answer:
The client would not expect recommendations for operational improvements to be included in the opinion. Instead, corporate governance focuses on accurate financial reporting. Operational guidance is not typically the role of governance structures.
Step-by-step explanation:
The client would not expect recommendations for potential improvements or changes to the corporation's operations to be included in the opinion. When a firm becomes somewhat established and its strategy shows promise for profits, detailed knowledge of individual managers becomes less crucial, as financial information about the company's products, revenues, costs, and profits is readily available. This enables external investors, such as bondholders and shareholders, to provide financial capital without personal knowledge of the managers.
Corporate governance structures like the board of directors, auditing firms, and outside investors typically focus on ensuring that accurate financial information is provided to shareholders, rather than making recommendations for operational changes. As seen in the case of Lehman Brothers, the failure of corporate governance highlights the essential role of accurate financial reporting rather than operational guidance for investors.