Reports

PRESENTED BY SANA RIZVI

Introduction
 What is report?
 Types of report
1. Clean or unmodified report
2. Modified report
 Adverse opinion
Basic elements of auditor’s report
 Title
 Addressee
 Introductory paragraph
 Management’s responsibility for the financial statement
 Auditor’s responsibility
 Auditor’s opinion
 Other reporting responsibilities
 Auditor’s signature
 Date of the report
Opening balances & comparitives
 Based on closing balances of prior period
 Opening balances containing misstatements
 Appropriate accounting policies are applied
 Auditors must determine whether the financial statements include the
comparative information required by the applicable financial reporting
framework
Report to management
 Communicating deficiencies in internal controls to those in charge
Thank you