Apex Footwear Limited

YES/ COMMENT
Components NO
TITLE
Does the report Yes Apex Footwear Limited contains
contain a title? a title in the Auditors Report

Does it state-- Yes It also states Independent

Independent Auditors Report
Auditors
Report
ADDRESSEE
Is it addressed to Yes It is addressed to the
the appropriate shareholders of Apex Footwear
addressee? Limited.
(for example
shareholders)
Introductory
paragraph
Is the entitys Yes Apex Footwear Limited
name present?
Does it state Yes It states that the Auditors have
that the audited the financial statements.
financial
statements have
been audited?
Does it identify Yes 1. Statement of Financial
each of the Position.
financial
statements? 2. Statement of Profit or Loss.
3. Other Comprehensive
Income.
4. Statement of Changes in
Equity.
5. Statement of Cash Flows
 Does it refer to Yes It refers to a summary of the
a summary of significant accounting policies and
the significant other explanatory information.
accounting
policies and
other
explanatory
information?
Does it specify Yes Its specified date is 31st December
the date or 2015.
period covered
by the financial
statements?

Components YES/NO COMMENT

MANAGEMENTS
RESPONSIBILITY
PARAGRAPH
Does the report Yes The Auditors Report of Apex
include a section Footwear Limited has a section
with the heading of Managements
Managements Responsibility for the Financial
Responsibility for Statement
the financial
statements?
Does the audit Yes It describes the managements
report describe responsibility for the
managements preparation of financial
responsibility for statements in accordance with
the preparation of BFRSs
financial
statements in
accordance with
financial reporting
framework?
 Does this section Yes It states the internal control of
state the other management to enable the
responsibilities of preparation of financial
management with statements that are free from
respect to material misstatement
financial whether due to fraud or error.
statement
preparation,
internal control,
accounting
principles and
policies?

Components
YES/ COMMENT
NO
AUDITORS
RESPONSIBILITY
PARAGRAPH
Does the report Yes The Auditors Report
include a section includes a section with the
with heading heading-Auditors
Auditors Responsibility
Responsibility
for the financial
statements?
Does the auditors Yes This section of the audit
report state that report states the auditors
the responsibility responsibilityOur
of the auditor is to
express an opinion
responsibility is to express
on the financial an opinion on these financial
statements based statements based on our
on the audit? audit
 Does the auditors Yes Audit has been conducted in
report state that accordance with Bangladesh
the audit has been Standards on Auditing is also
conducted in
accordance with
stated in this section.
Bangladesh
Standards on
Auditing.
Does the report Yes The report states that the
state that whether evidence they have obtained
the auditor is sufficient and appropriate
believes that the
audit evidence the
to provide a basis for audit
auditor has opinion.
obtained is
sufficient and
appropriate to
provide a basis for
the auditors
opinion?
Does the report Yes The report states the
state any reference performing procedures
to audit including risk assessment
procedures,
inherent limitation
and also states the purpose
of the audit of considering the internal
reasonable control of Apex Footwear
assurance etc.? Limited.

Components YES/NO COMMENT

AUDITORS OPINION
PARAGRAPH
1. Does the Yes It includes a section with the
Auditor's Report heading Opinion.
include a section
with the heading
"Opinion"?

CHECK COMMENT
Type of Opinion
BOX
 MODIFIED
OPINION

UNMODIFIED
OPINION

YES/NO COMMENT
OTHER REPORTING
RESPONSIBILITIES

1. Do the Auditors have Yes The report states

some additional
any additional
responsibility
responsibility than the other than the
Auditor's Auditors
responsibility? responsibility.

No The
2.(If yes) Are these other responsibilities
are stated in
reporting
separate section
responsibilities are but not under
included in a separate any title named
section named 'Report Report on Other
on Other Legal and Legal and
Regulatory Regulatory
Requirements? Requirement.
 Criteria for YES/NO COMMENT
auditors opinion
to be recognized
as UNMODIFIED
OPINION
1.Does Auditor's Opinion Yes The Opinion
section use the phrase Section uses the
phrase give a
present fairly, in all material
true and fair
respects or give a true and view.
fair view in case of
unmodified opinion?
No It does not
identify the
jurisdiction as the
2.Does the auditor's opinion financial
identify the jurisdiction of statements are
prepared in
origin of the framework in accorddance with
case of not following BFRS or Bangladesh
IPSAS? Financial
Reporting
Standards(BFRSs)
.

Type of opinion YES/NO COMMENT

Modified Opinion
Qualified
Opinion
Adverse
Opinion
 Disclaimer
Opinion

Criteria for Identifying whether the modified opinion is

qualified, adverse or disclaimer opinion:

Criteria for auditors opinion YES/NO COMMENT

to be recognized as
QUALIFIED OPINION
Is the opinion expressed by using
the phrase except for?
Does the auditor conclude that
misstatements or undetected
misstatements in the financial
statements are material but not
pervasive?

Criteria for auditors opinion to YES/N COMMENT

O
be recognized as ADVERSE
OPINION
Does the auditor concludes
detected or undetected
misstatements in the financial
statements are both material
and pervasive?
Criteria for YES/NO COMMENT
auditors
opinion to be
recognized as
DISCLAIMER
OPINION
Does the auditor concludes
detected or undetected
misstatements in the
financial statements?
Does the report avoid
expressing an opinion?
 BASIS FOR MODIFIED OPINION
(Should be included before modified opinion
paragraph)

IN RELATION TO:
Qualified opinion
Adverse opinion
Disclaimer opinion

Emphasis of Matter Paragraph

Content Audit questions Yes/N Opinion
s o
Para-6 1. What is the reason The auditor
for emphasis of considers necessary
matter paragraph? to draw users
attention to a
matter presented or
disclosed in the
financial
statements that is
fundamental to
users
understanding of
financial
statements.
2. Does the report No It does not contain
contain the any emphasis of
emphasis of matter matter paragraph.
paragraph?

3. Does the matters of

the emphasis of
matter paragraph in
the auditors report ----------
materially misstated
in the financial
statements?
4. Does the emphasis
of the matter
paragraph include
the information -----------
presented in
financial
statements?
5. Does the paragraph
mention that --------
emphasis of matter
doesnt mean
modification?
 YES/ Opinion
Components NO
SIGNATURE OF THE
AUDITOR
Does the report Yes The name of the audit firm is:
contain name of Hoda Vasi Chowdhury & Co.
the firm and
The name of the Chartered
signature of the
Accountant is:
auditor?
Hoda Vasi Chowdhury
DATE OF THE
AUDITORS
REPORT
Does the report Yes
contain date of
preparation?
Some of the
important dates

From 1st January,2015 to 31st

Financial period December 2015

Audit report date March 28,2016

Audit report April 30,2016

deadline
AGM Notice Date March 28,2016

AGM date May 10, 2016

AUDITORS
ADDRESS
Is the location in the Yes In Dhaka, the auditor practices.
jurisdiction where the
auditor practices
mentioned in the audit
report?