L11_Auditreport(PPSlides)

L11_Auditreport(PPSlides) - THE AUDIT REPORT (SAS 600)...

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1 THE AUDIT REPORT (SAS 600) 2 Elements of audit report s to whom addressed s financial statements audited s directors’ responsibilities s auditors’ responsibilities s basis of opinion s other information required by statue s signature of auditor s audit report date 3 Statements of responsibility and basis of opinion that: s financial statements are responsibility of the directors s auditors responsibility is to express an opinion on the financial statements s auditors should explain basis of their opinion by including statement: – as to compliance with auditing standards, together with reasons for departure 4 – audit process includes examining, on a test basis, evidence relevant to amounts and disclosures, assessing significant estimates and judgements, and considering accounting policies are appropriate – that the audit provides a reasonable basis for the opinion
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2 5 Expression of opinion s an auditors’ report should contain a clear expression of opinion on the financial statements and on any further
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L11_Auditreport(PPSlides) - THE AUDIT REPORT (SAS 600)...

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