A title that includes the word ‘independent’
A statement that the financial statements identified in the report were audited
A statement that the financial statements are the responsibility of the company’s management and that the auditor’s responsibility is to express an opinion on the financial statements based on his or her audit
A statement that the audit was conducted in accordance with the generally accepted auditing standards and an identification of the United States of America as the country of origin of those standards. Find out more on audit compliance with this course.
A statement that those standards require that the auditor plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement
A statement that an audit includes
– Examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements
– Assessing the accounting principles used and significant estimates made by management
– Evaluating the overall financial statement presentation
A statement that the auditor believes that his or her audit provides a reasonable basis of his or her opinion
An opinion as to whether the financial statements present fairly, in all material aspects, the financial position of the company as of the balance sheet date and the results of its operations and its cash flows for the period then ended in conformity with generally accepted accounting principles. Learn more about financial statements with this course on basic accounting.
The manual or printed signature of the auditor’s firm
The date of the audit report