External Auditors Reports

The audit report is the final stage in the process of an audit.  The terms 'true and fair'  'present fairly' have special significance in the audit report.  At this level you will be required to draft unmodified and modified audit reports in accordance along with ISA 700.  An auditor's report on financial statements taking into account a variety of circumstances, which may affect the audit opinion.  The lesson also covers other reports or letters sent by the auditor to the client's directors and managers in accordance with ISA 1007 Communication with management.  Finally, we consider some special purpose audit reports.