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Describe seven basic elements of an auditor's report.

      

Describe seven basic elements of an auditor's report.

  

Answers


Kavungya
- Title: - The auditor's report has a title that clearly indicates it is the report of an
independent auditor.
- Addressee: - The auditor's report is addressed as required by the circumstances of the
engagement.
- Introductory paragraph
- Management's responsibility for the financial statement - This describes the
responsibilities of those in the organisation that are responsible for the preparation of the
financial statements.
- Auditor's responsibility/scope paragraph - The report shall state that the responsibility of
the auditor is to express an opinion on the financial statements based on the audit.
- Auditor's opinion - The auditor's report includes a section with the heading opinion that
expresses the opinion on whether the financial statement shows a true and fair view.
- Signature of the auditor -The auditor's report shall include the auditor's signature.
- Date of the auditor's report - The report 'shall be dated no earlier than the date on which
the auditor obtained evidence to form an opinion.
- Auditors address
Kavungya answered the question on May 15, 2019 at 08:47


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