Independent Auditor's report

Independent auditor's report 




Opinion

We have audited the financial statement of "(Name of organization that we audited)," which comprises the statements of the financial position as at (Date), statements of profit and loss and other comprehensive income, statements of changes in equity, statements of cash flow, and notes to the financial statements. Including a summary of significant accounting policies. 

In our opinion, the financial statements are prepared in accordance with International Financial Reporting Standards (IFRS), and they give us a true and fair view of the state of the company's affairs as of (date) , and the results of its operation comply with the company act (according to your country) and other acceptable rules and regulations.

Basis for our opinion 

We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibility under those standards is further described in the responsibilities of audit for the audit of the financial statement section of our audit report. We are independent of the company according to the International Ethics Standards Board for Accountants' Code of Ethics for Professional Accountants (IESBA Code). Together with the code of ethical requirements that are relevant to our audit of the financial statements, we have fulfilled our ethical responsibility in accordance with other ethical requirements and the IESBA Code. We believe that the evidence that we have obtained during the audit of the financial statements is sufficient and appropriate to provide a basis for our opinion.

Responsibility of management and those are charged for governance with financial statement

Management is responsible for the preparation and fair presentation of these financial statements in accordance with international financial reporting standards (IFRSs), companies acts (according to your country), and other applicable local laws and regulations. These responsibilities include designing, implementing, and maintaining internal controls that are relevant to the preparation and fair presentation of the financial statements that are free from material misstatements. Whether the fraud or error, selecting and applying the accounting policies and making accounting estimates that are reasonable in the circumstances.

In preparing the financial statements, management is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters to the going concern basis of accounting unless management intends to liquidate the company or cease its operations. Or has no realistic alternative but to do so.

Those who are charged with governance are responsible for overseeing the company's financial statement process.

Auditor's Responsibility for the audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

1. Identify and assess the risk of material misstatement of the financial statements, whether due to fraud or error; design and perform audit procedures responsive to those risks; and obtain audit evidence that is sufficient and appropriate to provide a basis for audit opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentation, or the override of internal control. 

2. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstance. 

3. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. 

4. Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern. 

5. Evaluate the overall presentation, structure, and content of the financial statements, including the disclosure, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. 

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 




Further to our opinion in the above paragraph, we state that

1. We have obtained all the information and explanations  that, to the best of our knowledge and belief, were necessary for the purpose of our audit and made due verification thereof 

2. In our opinion, proper books of account as required by law have been kept by ( name of organization that we have audited) so far as it appeared from our examination of those books

3. The company's statement of financial position, statement of profit and loss and other comprehensive income statement of cash flows dealt with by the report are in agreement with the books of account

4. The expenditure incurred was for the purpose of the company's business. 

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