2.2 - Content of the Auditor's Report

Question 2

In this syllabus, we are only concerned with cases where the auditor finds that they CAN conclude that the financial statements give a true and fair view. What is such a report known as?

Answer 2

‘Auditor’s report with an unmodified opinion’

Question 3

What is the first explicit opinion?

Answer 3

In respect of the state of the company’s affairs at the end of the financial year

Question 4

What is the second explicit opinion?

Answer 4

In respect of the company’s profit or loss for the financial year

Question 5

What is the third explicit opinion?

Answer 5

In relation to the financial reporting framework (IFRS Standards or UK GAAP)

Question 6

What is the fourth explicit opinion?

Answer 6

In respect of other legal requirements of the Companies Act 2006

Question 7

What is the fifth explicit opinion?

Answer 7

The information given in the strategic repot and the director’s report is consistent with the financial statements