Audit Reports

As mentioned earlier, once a Company's assets or revenues exceed a particular threshold, there is an automatic requirement to have an audit of its financial position and results conducted. There are various forms of audit reports; however the most common one is the standard unqualified audit report. The main components of such a report are a statement on what has been done including the exact statements which comprise the financial statements, a statement of management's responsibility, the auditor's responsibility and the audit opinion.

An example of this standard unqualified report can be found by clicking on the following link: Example Standard Unqualified Report

Other Reports

As auditors perform a wide range of services, there are various other forms of reports which can be used to fit the particular circumstance. Other services include reviews, agreed upon procedures, compilation of financial information, review of interim or prospective financial information or some other special purpose engagement. Examples of the formats of these reports can be found by clicking on the following links:

Example Review Report

Example Agreed Upon Procedure Report

Example Compilation Report

Example Review of Interim Financial Information Report

Example Review of Prospective Financial Information Report

Example Special Purpose Report