Audit report
Audit report is a document obtained as a result of an audit of financial statements and attached to the financial statements. This report is needed to convey the opinion expressed by the auditors to the shareholders (or other parties as required by the engagement) on whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework. Matters to be considered when forming the audit opinion on the financial statements To form an opinion on whether the financial statements are prepared, in all material respects, in accordance with the applicable financial reporting fram ework the auditor shall consider the following matters: · Whether sufficient appropriate audit evidence has been obtained. · Whether uncorrected misstatements are material, individually or in aggregate. · The qualitative aspect...