The audit report can be understood as a summary of the auditor’s final conclusions, on which the auditor evaluates whether the company’s financial statements reflect truthfully and reasonably or not? Have they complied with the current Vietnamese Accounting Standards and Accounting Regime? From there, they can give an audit opinion on the financial statements.
1.2. Contents of the audit report
In terms of form, the audit report must be in writing.
Regarding content, the audit report must ensure
Serial number and title – The issue number of the audit report must be clearly stated with the title “Independent audit report”.
Report recipient – The person responsible for receiving the report must be clearly stated.
Opening report – Clearly state the name of the entity whose financial statements have been audited;
– Clearly state the financial statements kuwait telegram data that have been audited;
– Clearly state the title of each report that constitutes the set of financial statements;
– Refer to the summary of significant accounting policies and other explanatory notes;
– Clearly state the end date of the accounting period or accounting period of each report that
constitutes the set of financial statements
– Clearly state the date of preparation and page number truly effective at helping of the audited financial statements.
Responsibilities of the auditing unit – Responsible canada data for the preparation and fair and reasonable presentation of financial statements in accordance with Vietnamese accounting standards, accounting regimes and legal regulations related to the preparation and presentation of financial statements.
Auditor’s responsibilities – Express an opinion on the financial statements based on the results of the audit
Audit opinion on financial statements Types of audit opinions on financial statements include:
– Audit opinions that are not unqualified
Based on the audit evidence obtained, the auditor concludes that the financial statements, taken as a whole, are free from material misstatement;
Or, the auditor is unable to obtain sufficient appropriate audit evidence to conclude that the financial statements, taken as a whole, are free from material misstatement.
Auditor’s signature – The audit report must have 2 signatures of both practicing auditors. Below each signature, the auditor’s full name and practice registration number must be clearly stated.
Audit report date – The date of the audit report must not be earlier than the date on which the auditor has collected sufficient appropriate audit evidence to form the basis for expressing an audit opinion
on the financial statements.
Name and address of the auditing firm – The audit report must include the full name and address of error. In making those risk assessments, the auditor considers internal control relevant to the Company’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control. An audit also includes evaluating the