Financial statement audits- overview of auditor's report Flashcards

1
Q

their are 4 main sections in the auditor’s report

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