What is the purpose of an audit report

Auditing and Assurance Revision Questions and Answers

The purpose of an audit report is to reflect a clear written expression of the auditor‘s opinion on the financial statements taken as a whole. This entails indicating explicitly whether the financial statements give a true and fair view of the state of affairs of the company.

The auditors have a statutory duty to make a report to the members on the accounts examined them and on the financial statements, at the A.G.M, during the period they hold office.

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