Acct 4420 Chapter 16 new

Acct 4420 Chapter 16 new - Acct4420 Chapter16Auditors...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
Acct 4420 Chapter 16 Auditors’  Reports
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Chapter 16 page 2 An audit report is a letter that indicates: what was audited management’s responsibility auditor’s responsibility what an audit entails auditor’s opinion Types of audit reports include: Unqualified Qualified Adverse Disclaimer Chapter 16 Auditors’ Reports
Background image of page 2
Chapter 16 page 3 To issue an unqualified opinion, the auditor must conclude that: Financial statements taken as a whole comply with GAAP, and Audit was conducted in accordance with PCAOB standards or GAAS. An unqualified opinion means that in the opinion of the auditor, the financial statements present fairly in all material respec ts the company’s financial position, results of operations, and cash flows in conformity with GAAP. Unqualified Opinion
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Chapter 16 page 4 February 26, 1924 Touche, Niven & Co. Public Accountants Eighty Maiden Lane, New York Certificate of Auditors We have examined the accounts of Fred Stern & Co., Inc. for the year ended December 31, 1923, and hereby certify that the annexed balanced sheet is in accordance therewith an with the information and explanations given us. We further certify that, subject to provision for federal taxes on income, the said statement in our opinion, presents a true and correct view of the financial condition of Fred Stern & Co., Inc., as of December 31, 1923.
Background image of page 4
Report of Independent Accountants Board of Directors and Shareholders, The Coca-Cola Company, Atlanta, Georgia We have examined the consolidated balance sheets of The Coca-Cola Company and subsidiaries as of December 31, 1983 and 1982, and the related consolidated statements of income, shareholders’ equity and changes in financial position for each of the three years in the period ended December 31, 1983. Our examinations were made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/20/2011 for the course ACCT 4420 taught by Professor Franz during the Spring '11 term at Toledo.

Page1 / 16

Acct 4420 Chapter 16 new - Acct4420 Chapter16Auditors...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online