Αποτελέσματα Αναζήτησης
1 Απρ 2018 · Introduction. Scope of this SA. This Standard on Auditing (SA) deals with the auditor’s responsibility to form an opinion on the financial statements. It also deals with the form and content of the auditor’s report issued as a result of an audit of financial statements.
We have audited the accompanying (Standalone) financial statements of ABC COMPANY LIMITED (“the Company”) which comprise the Balance Sheet as at March 31, 2017, the Statement of Profit and Loss, Cash Flow Statement for the year then ended, and a summary of significant accounting policies and other explanatory information.
The Auditing and Assurance Standards Board is issuing the following illustrative formats of the Independent Auditor’s Report on the Standalone Financial Statements under the Companies Act, 2013 and the Rules thereunder.
Uniformity and comparability in the format and contents of audit reports are also elements essential to enhance their usability and value to these users. In 2010, the Institute of Chartered Accountants of India, issued three separate Standards on Auditing (SA) to deal with the form and content of independent auditor’s report
This Standard on Auditing (SA) deals with the auditor’s responsibility to issue an appropriate report in circumstances when, in forming an opinion in accordance with SA 700 (Revised),1 the auditor concludes that a modification to the auditor’s opinion on the financial statements is necessary.
The Statement, primarily, contains guidance on the following aspects of an auditor’s report: reporting in terms of the requirements of section 227(1A) of the Companies Act, 1956; and issuance of qualified/ adverse/ disclaimer of opinion.
QUICK RECAP. CA Ankit R Momaya, ACA. BACKGROUND. In India, Audit Report of a top Listed Company and a small Private Limited Company was one and the same. These Reporting Standards have been revised in line with the changes made by IFAC. Revised Reporting Standards were adopted in Europe in late 2016 and early 2017. BACKGROUND.
