The auditor's report is a disclaimer thereof, issued by either an internal auditor or an independent external auditor as a result of an internal or external audit, as an assurance service in order for the user to make decisions based on the results of the audit.An auditor's report is considered an essential tool when reporting financial information to users, particularly in business.
Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with U. generally accepted accounting principles; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements.
Auditor's Responsibility Our responsibility is to express an opinion on these consolidated financial statements based on our audit. The procedures selected depend on the auditors' judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error.
The following is an example of a standard unqualified auditor's report on financial statements as it is used in most countries, using the name ABC Company as an auditee's name.
Note that this report is acceptable only for periods ending before December 15, 2012: Board of Directors, Stockholders, Owners, and/or Management of ABC Company, Inc. Anytown, Any Country We have audited the accompanying balance sheet of ABC Company, Inc.
Our responsibility is to express an opinion on these financial statements based on our audit.