There are four common types of auditor's reports, each one presenting a different situation encountered during the auditor's work.
The four reports are as follows: An opinion is said to be unqualified when he or she does not have any significant reservation in respect of matters contained in the Financial Statements.
The report is only an opinion on whether the information presented is correct and free from material misstatements, whereas all other determinations are left for the user to decide.
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, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 20XX, and the results of its operations and its cash flows for the year then ended in accordance with generally accepted accounting principles in (the country where the report is issued).
AUDITOR'S SIGNATURE Auditor's name and address Date = Last day of any significant field work This date should not be dated earlier than when the auditor has sufficient audit evidence to support the opinion.