Audit Report :

The auditor’s report is a formal opinion, issued by either an internal auditor or an independent external auditor as a result of an internal or external audit or evaluation performed on an organisation. The auditor should review and assess whether the financial statements have been prepared in accordance with an acceptable financial reporting framework applicable to the entity under audit. It is also necessary to consider whether the financial statements comply with the relevant statutory requirements and then the audit report is prepared. The report is subsequently provided to the stakeholders such as shareholders, creditors, financial institutions, banks, government, or the general public at large as an assurance service so that the user can make decisions based on the results of the audit. Therefore, the auditor’s report should contain a clear written expression of opinion on the financial statements taken as a whole.