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Modified Report

Modified Report An auditor’s report is considered to be modified when it includes: (a) Matters That Do Not Affect the Auditor’s Opinion • emphasis of matter (b) Matters That Do […]

Unqualified Opinion

Unqualified Opinion An unqualified opinion is expressed when the auditor concludes that the financial statements give a true and fair view in accordance with the financial reporting framework used for […]

Types of opinion

Types of opinion : The auditor may express one of the following four opinions: • Unqualified Opinion • Qualified Opinion • Disclaimer of Opinion • Adverse Opinion  

Forming an Audit Opinion

Forming an Audit Opinion : Audits are conducted to express a true and fair view of a company’s financial statements. Therefore in the audit report, the auditor’s opinion is expressed […]

Contents of an Auditor’s Report

Contents of an Auditor’s Report The auditor’s report shall be in writing. The auditor’s report should include a minimum of the following elements: (a) A title; (b) An addressee (c) […]

Audit Report

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 […]

Secretarial Audit

Secretarial Audit : Secretarial Audit is an audit to check compliance of various legislations including the Companies Act and other corporate and economic laws applicable to the company. The Secretarial Auditor […]

Branch Audit

Branch Audit : If any company has a branch office, the accounts of that office shall be audited either by the auditor of the company or by any other person […]

Auditor not to render certain services

Auditor not to render certain services : An auditor appointed by the company will provide only such other services as are approved by the Board of Directors or the audit […]