The report should include a statement that the audit was planned and performed to obtain reasonable assurance about whether the financial statements are free of material misstatement. The auditor’s report should describe the scope of the audit by stating that the audit was conducted in accordance with generally accepted auditing standards or in accordance with relevant national standards or practices as appropriate. The report should include a statement that the financial statements are the responsibility of the entity’s management and a statement that the responsibility of the auditor is to express an opinion on the financial statements based on the audit. The auditor’s report should identify the financial statements of the entity that have been audited, including the date of and period covered by the financial statements. The auditor’s report should have an appropriate title to distinguish the auditor’s report from reports that might be issued by others. The auditor’s report includes the following basic elements, ordinarily in the following layout: The auditor’s report should contain a clear written expression of opinion on the financial statements taken as a whole. The auditor should review and assess the conclusions drawn from the audit evidence obtained as the basis for the expression of an opinion on the financial statements. Revised by Auditing Standards Committee in Taiwan on 21 December, 1999. 33 The Auditor's Report on Financial Statements Accounting Research and Development Foundation in Taiwan - Auditing Standards - SAS Summaries
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