Reporting on Summary F/S

Question 1

What should an auditor’s report on condensed financial statements indicate?

Answer 1

1) the auditor has audited and expressed an opinion on the complete financial statements;
2) the date of the auditor’s report on such statements;
3) the type of opinion expressed; and
4) whether the information in the condensed financial statements is consistent, in all material respects, with the audited financial statements.