Type of audit report

Type Unmodified unqualified report Modified unqualified report Qualified report FS True and fair Addition in report Emphasis of matter Except for Reason -Totally clean -No misstatement - No misstatement - Highlight matters - Fraud and error - limitation of scope OR - disagreement - Material but not pervasive - Fraud and error - limitation of scope OR - disagreement - Material and pervasive - Fraud and error -limitation of scope - Unable to get sufficient evidence for auditing.

Adverse Qualified report

Disclaimer Qualified report

Unable to give opinion due to limitation of scope.

Explanations
Misstatements Emphasis of matter / fraud and error -Paragraph that highlight or make reference to a matter -Matters that can affect users understanding or decisions -To draw users attention Eg: Going concern matter/issue share in the -Due to limitation of scope or disagreement - Error in FS is material but not pervasive - Auditor FS true and fair error except for. Eg: This FS is true and fair , except for.. -Unable to access information - Unable to get evidence with alternative audit procedure -Management refuse to provide complete information. -Auditor does not agree managements accounting treatment - Management does not follow accounting standard - Financial statement / will change auditor and users opinion or understanding on the FS / will affect user decision making.

Except for

Limitation of scope

Disagreement Material Pervasive

Prepared by richard kok