An auditor’s report expresses a judgment on the financial statements of a company’s legitimacy and reliability. When financial statements are finalized, they need to usually include an audit report from a licensed accountant or auditor. This paper gives a top-level view of the way to assess a company’s or organization’s financial statements for validity and trustworthiness.
An auditor’s report’s purpose is to supply reasonable assurance that a company’s financial statements are error-free. The subsequent is an example of a typical auditor’s report:
- The company that was audited and therefore the accounting technique they used
- The auditor’s responsibilities and their report
- Reservations are required (if any)
- Any extra information (A report from management)
- The date and signature of the auditor
An audit of a company’s financial statements should end in a report within which the accountant or auditor is liberated to express their view on the financial statements’ authenticity and trustworthiness.
The auditor should present an accurate picture of the corporate and its financial statements during this report. The auditor should also mention whether they are connected to the corporate or have substantial interests in the company.
Auditors’ reports, together with balance sheets, profit and loss statements, and directors’ reports, are a part of a company’s statutory accounts.