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Why an auditor's report is in form of opinion and not in form of fact?
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.
What is auditer report?
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.
What is dual dating of auditor report?
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
What is Qualified and unqualified auditor report?
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.
What does fairly present in audit report mean?
A report by an auditor with out favoring anyone or taking sides
What is the difference between a qualified and unqualified audit report?
Qualified report an auditor gives an option subject to certain reservation , he is said to have a qualified reportunqualified report an auditor gives an option on various matter without any qualification or reservation . it is known as unqualified report
What is the difference between an unqualified and a qualified audit report?
Qualified report an auditor gives an option subject to certain reservation , he is said to have a qualified reportunqualified report an auditor gives an option on various matter without any qualification or reservation . it is known as unqualified report
Who is under armor independent auditor?
As of their 2011 annual report, it is PricewaterhouseCoopers.
What is the meaning of CAG report?
It means ' Comptroller and Auditor General ' reports
What is the full form of caro?
CARO stands for Companies Auditor's Report Order, which is a set of guidelines issued by the government of India for statutory auditors of companies. It outlines the specific matters that the auditors must include in their audit report.
Who scrutinizes the report of the comptroller and auditor general of India?
Public Accounts Committee
What is the difference between a qualified auditors reports and unqualified auditors reports?
A qualified auditor's report has been limited to certain aspects only. This means that other aspects of the report still have to be investigated. An unqualified auditor's report means that all aspects have been thoroughly checked. There are no discrepancies and the report is final.
