Financial statement audits- overview of auditor's report Flashcards
1
Q
their are 4 main sections in the auditor’s report
A
- first section has no label but it identifies the nature of the engagement and entities financial statement involved (one sentence)
- Managements Responsibility For the Financial Statements. it states that management is responsible for the fair presentation of f/s and implementation of I.C.
- Auditor’s Responsibility-consists of 3 separate paragraphs
- Opinion