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+Unqualified Opinion: The financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of the entity in accordance with applicable accounting standards, other mandatory professional reporting requirements, and relevant statutory and other regulations.
+Emphasis of Matter: Still an unqualified opinion, but has an additional paragraph to draw the reader's attention to specific circumstances that would be useful for decision-making.
+Qualified Opinion: "except for" a specific section of the financial report, the remained can be relied upon as being true and fair, free from material misstatement, and prepared in accordance with an applicable financial reporting framework.
+Disclaimer of Opinion: Expressed when the possible effect of limitation of scope
is so material and pervasive that the auditor has not been able to obtain sufficient appropriate audit evidence on which to form an opinion an the accounts.
+Adverse Opinion: Expressed when an auditor's reservations about the preparation of the financial reports are of such a magnitude that they believe the financial report, taken as a whole, is misleading and is of little use to the addressee of the financial report.
Wiki User
∙ 11y ago
Wiki User
∙ 10y agotypes of internal audit report
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The types of Cost Audit?
types of audit approach
Types of operational audit?
types of operational audit?
How applied the audit procedure in PIA?
audit procedure we mean that those petren in which we prepare the audit report.
What are the contents of Audit Program?
contents of audit program are as, 1. a review of system of internal check. 2. audit of balance sheet. 3. audit of p&l a/c. 4. the details of various audit works to be performed and their classification. 5. preparation of audit report and co-ordination of all above mentioned items.
What is an unqualified report?
unqualified report is that Audit report in which Audit opinion specify that according to according to rules and regulation the firms financial statement portray true and fair view.
What are the types of audit report?
There are four types of Audit Reports 1. Standard Unqualified 2. Unqualified with explanatory paragraph 3. Qualified and 4. Adverse
The types of Cost Audit?
types of audit approach
Types of operational audit?
types of operational audit?
What is an audit. Types of audit?
TOBBACCO
How applied the audit procedure in PIA?
audit procedure we mean that those petren in which we prepare the audit report.
What is the full form of lfar in bank audit?
Long Form Audit Report
How do you prepare an audit on negative report?
no answer
What are the types of tax audit?
from my view and what i learned, there is only two types of tax audit that includs (a) desk tax audit (b) field tax audit
Features of a good audit report?
A good audit report is usually detailed. It covers all the areas of a given company. It also points out some of the flaws in its report.
Sample of Tax Audit Report and how to write?
A tax audit report summarizes the results of an IRS tax audit. In order to writer an audit, you must thoroughly analyze an individual's tax records and write our their findings and suggested actions.
What are the contents of Audit Program?
contents of audit program are as, 1. a review of system of internal check. 2. audit of balance sheet. 3. audit of p&l a/c. 4. the details of various audit works to be performed and their classification. 5. preparation of audit report and co-ordination of all above mentioned items.
What is qualified audit report?
Qualified audit report means that financial statement of business donot represent the true and fair activities of business
