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Because the auditor's report is an opinion. Just because that one auditor thought what they did. It does not mean that all other agree. The auditor's report is a formal opinion, or disclaimer, not a fact.

Q: Why an auditor's report is in form of opinion and not in form of fact?
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Because the auditor's report is an opinion. Just because that one auditor thought what they did. It does not mean that all other agree. The auditor's report is a formal opinion, or disclaimer, not a fact.

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An audit report is an opinion that is written by an auditor to show if the financial statements are correct. The auditor will indicate if they state the true financial position of the company.

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dual date If a major event comes to the auditor's attention between the report date and issuance of the report, the financial statements may include the event as an adjustment or disclosure. The auditor dual dates the audit report (as of the end of workpaper review, except footnote XX, which is dated later).

Credit to dictonary.com

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At the end of audit engagement, an auditor can give hisÊopinion Êin the auditor's report as either qualified or unqualified. Unqualified report is one that the auditor is satisfied that the business Êor an organisationÊhas present fairly its affair in all material aspect. WhileÊa qualified Êreport oneÊwhich theÊauditor concludes Êthat most matter have been dealt with but not sufficiently.

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A report by an auditor with out favoring anyone or taking sides

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