Auditors Report

It is a letter
communicating what was
audited, managements
and the auditors
responsibilities, what an
audit entails and the
auditors opinion.
 Auditor shall express an Unmodified
Opinion

The financial statements as a whole are free

from material misstatement .

Able to obtain sufficient appropriate audit

evidence to conclude that the financial
statements as a whole are free from material
misstatement .
 Elements of Unmodified Audit
Report
PSA 700 REDRAFTED PSA 700 REVISED
1) TITLE 1) TITLE
2) ADDRESSEE 2) ADDRESSEE
3) INTRODUCTORY 3) AUDITORS OPINION
PARAGRAPH
4) MANAGEMENTS 4) BASIS FOR OPINION
RESPONSIBILITY FOR THE
FINANCIAL STATEMENTS
5) AUDITORS 5) GOING CONCERN
RESPONSIBILTY
6) AUDITORS OPINION 6) KEY AUDIT MATTERS
7) OTHER REPORTING 7) RESPONSIBILITIES OF
RESPONSIBILITIES MANAGEMENT FOR THE
FINANCIAL STATEMENTS
8) SIGNATURE OF THE 8) AUDITORS
AUDITOR RESPONSIBILITIES
9) DATE OF THE AUDITORS 9) OTHER REPORTING
13) SIGNATURE OF THE
AUDITOR
14) AUDITORS ADDRESS

15) DATE OF THE AUDITORS

REPORT