The audit report refers to a written document in which a certified public accountant expresses an actual opinion on whether the financial statements have been prepared in all material aspects in accordance with the basis for the preparation of financial reports and achieve a fair reflection. Therefore, the certified public accountant should attach the audited financial statements to After the audit report, it is to facilitate users of financial statements to correctly understand and use the audit report, and to prevent the audited unit from replacing or changing the audited financial statements.

The basic content includes assets, liabilities, investor equity, expenses, costs and income results, etc.

Extended information

Classification of audit reports

1. Unqualified audit report

Refers to the CPA’s opinion of the audited entity The accounting statements shall be reviewed and confirmed in accordance with the requirements of the Independent Auditing Standards for Certified Public Accountants of China: the accounting treatment methods adopted by the audited unit comply with the accounting standards and relevant regulations; the contents reflected in the accounting statements are in line with the actual situation of the audited unit; and the contents of the accounting statements are complete. , the statement is clear and there are no important omissions;

The classification and preparation method of the report items meet the prescribed requirements, so we are unreservedly satisfied with the accounting statements of the audited unit. An unqualified opinion means that the CPA believes that the reflection of the accounting statements is legal, fair and consistent, and can meet the common needs of an unspecified majority of stakeholders.

2. Qualified audit report

Refers to the certified public accountant’s qualified audit opinion on the reflection of the financial statements. After the audit, the certified public accountant believes that the reflection of the audited unit's financial statements is appropriate as a whole, but if one of the following situations still exists,

a qualified audit report should be issued: Individually important The processing of financial accounting matters or the preparation of individual important accounting statement items does not comply with the "Accounting Standards for Business Enterprises" and other relevant national financial accounting regulations, and the audit unit refuses to make adjustments; because the scope of the review is partially restricted, it cannot be carried out in accordance with the independent audit Obtain due audit evidence as required by the standards: the selection of individual accounting treatment methods does not comply with the principle of consistency.

3. Audit report with negative opinion

Refers to the opposite of unqualified opinion. It is believed that accounting statements cannot legally, fairly and consistently reflect the financial status, operating results and cash flow of the audited unit.

After the audit, the certified public accountant shall issue an audit report with a negative opinion when he or she believes that the accounting statements of the audited unit have the following circumstances: The selection of accounting treatment methods seriously violates the "Accounting Standards for Business Enterprises" and other relevant national regulations. In accordance with the provisions of financial accounting regulations, the audited unit refused to make adjustments; the accounting statements seriously distorted the financial status, operating results and cash flow of the audited unit, and the audited unit refused to make adjustments.

4. Audit report that cannot (refuse to) express an opinion

The inability to express an opinion means that the certified public accountant cannot explain the legality, fairness and consistency of the audited unit's accounting statements. Have an opinion. During the audit process, when the certified public accountant is unable to obtain necessary audit evidence due to severe limitations on the scope of the audit by the client, the auditee or the objective environment, and is therefore unable to express an audit opinion on the overall reflection of the financial statements, he or she shall issue a disclaimer of opinion. Report.

Baidu Encyclopedia - Financial Audit Report

Baidu Encyclopedia - Audit Report