The following is an illustration of a complete auditor’s report incorporating the basic elements set forth and illustrated above. This report illustrates the expression of an unqualified opinion.
“AUDITOR’S REPORT
(Appropriate Addressee)
We have audited the attached Balance Sheet of ..…… (Name of the entity) as at 31st March 2XXX and also the Profit and Loss Account for the year ended on that date annexed thereto. These financial statements are the responsibility of the entity’s management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion and to the best of our information and according to the explanations given to
us, the financial statements give a true and fair view in conformity with the accounting principles generally accepted in India:
1. in the case of the Balance Sheet, of the state of affairs of ……….. (Name of the entity) as at 31st March 2XXX; and
2. in the case of the Profit and Loss Account, of the profit/loss for the year ended on that date.
For ABC and Co.,
Chartered Accountants
Auditor’s Signature
(Name of Member signing the Audit Report)
(Designation)
(Membership Number)
Place of Signature:
Date:
