The audit report should include the following elements:
1. Title
2. Recipient
3. Audit opinion
4. Basis for forming audit opinions
5. Management
Responsibility for financial statements
6. Audit of financial statements by certified public accountants Responsibilities
7. Matters reported in accordance with the requirements of relevant laws and regulations (if applicable)
8. Signature and seal of the certified public accountant
9. Accountant Name, address and seal of the firm;
10. Report date.
The CPA should clearly express his or her opinion on the financial statements based on the conclusions drawn from the audit evidence. Once the CPA signs and seals the audit report, he or she is responsible for the audit report issued by him or her.
The audit report is a written document in which the CPA expresses an audit opinion on the legality and fairness of the financial statements. Therefore, the CPA should attach the audited financial statements to the audit report for the convenience of users of the financial statements. Correctly understand and use audit reports, and prevent the audited unit from replacing or changing the audited financial statements.
What are the characteristics of the audit report?
It has the following characteristics:
1. Certified public accountants should follow the Chinese Auditing Standards for Certified Public Accountants (hereinafter referred to as the Auditing Standards) Provide for the execution of audit work.
Audit standards are standards used to regulate the performance of auditing services by certified public accountants.
Including six aspects: general principles and responsibilities, risk assessment and response, audit evidence, use of work of other entities, audit conclusions and reports, and special field audits, covering the CPA's performance of audit work. The whole process and every link.
2. The certified public accountant can issue an audit report only after performing the audit work. CPAs should implement risk assessment procedures as a basis for assessing the risk of material misstatement at the financial statement level and assertion level.
The risk assessment procedure itself is not sufficient to provide sufficient and appropriate audit evidence for issuing an audit opinion. The CPA should also implement further audit procedures, including the implementation of control tests (when necessary or when a decision is made to test) and substantive procedures. .
3. The certified public accountant shall fulfill the responsibilities stipulated in the business engagement letter by expressing opinions on the financial statements. The goal of financial statement auditing is for CPAs to express audit opinions on the legality and fairness of financial statements by performing audit work.
4. The certified public accountant shall issue an audit report in writing.
The characteristics of the audit report are: summary, reply, notarization, and authoritative.