Page 18 - Auditinf Electronic System

PHASE 4 : Completing the audit and reporting the results (2 steps)
1) Issuing an audit report:

After the auditor has completed all procedures for each, account and related
disclosures, it is necessary to combine the information obtained to reach an overall
conclusion as to whether the financial statements As A whole are fairly presented.
auditor don’t give an opinion on separate accounts or separate statements but on the
Financial statements as a Whole. So, an audit report is issued to accompany the
client’s published financial statements.

There are four types of audit reports issued:

▪ Unqualified report
▪ Qualified Report
▪ Adverse Report
▪ Disclaimer report

Unqualified Qualified Adverse audit Disclaimer
audit report audit report report audit report

Opinion Auditor issue Auditor issue Auditor issue Auditor issue

clean opinion qualified adverse disclaimer

opinion opinion opinion

Reason In case auditor In case In case auditor In Case there
behind the concluded: auditor concluded in a
concluded:
opinion that there is No that there is pervasive
material that there is material limitation on
material pervasive
misstatement in misstatement misstatement scope of
preparation of but not in preparation audit
pervasive in of financial
financial preparation of statement or procedures
statement
EX: the
entity is

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‫جميع الحقوق محفوظة ـ الإعتداء على حق المؤلف بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونية‬