Reports Sections

Question 1

With Issuer Unqualified Opinion Letter, what goes into the Intro Paragraph?

Answer 1

Name of company audited, and date of statements

List of statements, and period
Statement that statements are responsibility of management

Statement that auditor’s responsibility is to express an opinion

Question 2

With Issuer Unqualified Opinion Letter, what goes into the Scope Paragraph?

Answer 2

That audits are in accordance with PCAOB

Description that standards require reasonable assurance that statements are free from material misstatement

Description of what is included in an audit (evidence supporting amounts and disclosures, and assesses principals used in making significant estimates)

Question 3

With Issuer Unqualified Opinion Letter what goes into the opinion paragraph?

Answer 3

Opinion for Company in Period in or not in conformity with US GAAP

Question 4

With Issuer Unqualified Opinion Letter what goes into the explanatory paragraph for internal controls?

Answer 4

Internal Control as of DATE was also audited in accordance with PCAOB standards and COSO

Opinion on Internal Control