Page 19 - Demo

جميع الحقوق محفوظة ـ اإلعتداء عىل حق املؤلف 19 بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونيةPHASE 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 reportUnqualified audit reportQualified audit reportAdverse audit reportDisclaimer audit reportOpinion Auditor issue clean opinionAuditor issue qualified opinionAuditor issue adverse opinionAuditor issue disclaimer opinionReason behind the opinionIn case auditor concluded:that there is No material misstatement in preparation of financial statementIn case auditor concluded: that there is material misstatement but not pervasive in preparation ofIn case auditor concludedthat there is material pervasive misstatement in preparationof financial statement orIn Case there in a pervasive limitation on scope of audit proceduresEX: the entity is