An audit report is a written document in which certified public accountants express their practical opinions on whether the financial statements are prepared on the basis of financial reports in all major aspects and achieve a fair reflection.
Therefore, certified public accountants should attach the audited financial statements to the audit report, so that users of financial statements can correctly understand and use the audit report and prevent the audited entity from replacing or changing the audited financial statements.
Certified public accountants shall clearly express their opinions on the financial statements based on the conclusions drawn from the audit evidence. Once the CPA signs and seals the audit report, it shows that he is responsible for the audit report issued by him.
Extended data
The audit report shall be signed by two certified public accountants with relevant business qualifications and stamped with the seal of the accounting firm.
(1) The audit report issued by the partnership accounting firm shall be signed and sealed by the partner in charge of the final review of the audit project and the certified public accountant in charge of the project.
(2) The audit report issued by a limited liability accounting firm shall be signed and sealed by the chief accountant of the accounting firm or its authorized deputy chief accountant and the certified public accountant in charge of the project. "
The audit report shall specify the name and address of the accounting firm and affix the official seal of the accounting firm.
According to the provisions of the Law of People's Republic of China (PRC) on Certified Public Accountants, a certified public accountant undertaking business shall be accepted by his accounting firm and sign an entrustment contract with the client. Therefore, the audit report should not only be signed and sealed by the certified public accountant, but also have the name and address of the accounting firm and affix its official seal.
Baidu Encyclopedia-Financial Audit Report