What this actually checks
It looks for signature form fields in the PDF and reports how many it found, along with the document's properties and page count.
The report you download lists each signature field by name, plus the title, author, subject, creator and producer, the creation and modification dates, the page count and the file size. That tells you whether someone has placed a signature field in the document and what the file says about itself. It is a structural inspection, which is genuinely useful when you want to know whether a form is set up for signing at all.