PSA 700 (REVISED), FORMING AN OPINION AND REPORTING ON FINANCIAL STATEMENTSregulation precludes public disclosure about the matter or when, in extremely rare circumstances, wedetermine that a matter should not be communicated in our report because the adverse consequences ofdoing so would reasonably be expected to outweigh the public interest benefits of such communication.Report on Other Legal and Regulatory Requirements[The form and content of this section of the auditor’s report would vary depending on the nature of theauditor’s other reporting responsibilities prescribed by local law, regulation, or national auditing standards.The matters addressed by other law, regulation or national auditing standards (referred to as “other reportingresponsibilities”) shall be addressed within this section unless the other reporting responsibilities address thesame topicsas thosepresented under the reporting responsibilities required by thePSAs as part of theReport on the Audit of the Consolidated Financial Statements section. The reporting of other reportingresponsibilities that address the same topics as those required by the PSAs may be combined (i.e., includedin the Report on the Audit of the Consolidated Financial Statements section under the appropriatesubheadings) provided that the wording in the auditor’s report clearly differentiates the other reportingresponsibilities from the reporting that is required by the PSAs where such a difference exists.]The engagement partner on the audit resulting in this independent auditor’s report is [name].[Signature in the name of the audit firm, the personal name of the auditor, or both, as appropriate for theparticular jurisdiction][Auditor Address][Date] Show
Premium This is a Premium Document. Some documents on StuDocu are Premium. Upgrade to Premium to unlock it. Do you want full access? Go Premium and unlock all 41 pages
 PHILIPPINESTANDARD ON AUDITING 700 (REVISED) FORMING AN OPINION AND REPORTING ON FINANCIAL STATEMENTS (Effective for audits of financial statements for periods ending on or after December 15, 2016) CONTENTS _____________________________________________________________________________________ Scope of this PSA .................................................................................................................. Effective Date ....................................................................................................................... Objectives ........................................................................................................................... Definitions ........................................................................................................................... Forming an Opinion on the Financial Statements ................................................................ Form of Opinion ................................................................................................................... Auditor’s Report ................................................................................................................... Supplementary Information Presented with the Financial Statements ................................ Application and Other Explanatory Material Qualitative Aspects of the Entity’s Accounting Practices ..................................................... Disclosure of the Effect of Material Transactions and Events on the Information Conveyed in the Financial Statements ........................................................................................... Description of the Applicable Financial Reporting Framework ............................................ Form of Opinion ................................................................................................................... Auditor’s Report ................................................................................................................... Supplementary Information Presented with the Financial Statements ................................ Appendix: Illustrations of Independent Auditor’s Reports on Financial Statements ______________________________________________________________________ Philippine Standard on Auditing (PSA) 700 (Revised), Forming an Opinion and Reporting on Financial Statements, should be read in conjunction with PSA 200, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with PhilippineStandards on Auditing.
Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. What are the basic elements of a standard audit report?A widely used report template is the standard audit report, which must include seven elements to be complete. These basic elements are report title, introductory paragraph, scope paragraph, executive summary, opinion paragraph, auditor's name and auditor's signature.
What does ISA 700 say about the interpretation of an audit opinion?The overall objective of an audit is to allow an external auditor to form an independent opinion on the financial statements and to conclude whether, or not, they present fairly, in all material respects, the state of the entity's affairs as at the reporting date.
What is PSA 700?Philippine Standard on Auditing (PSA) 700, “Forming an Opinion and Reporting on Financial Statements” should be read in conjunction with PSA 200, “Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Philippine Standards on Auditing.”
What are the 4 types of audit reports?4 Different Types of Auditor Opinions. Clean Report or Unqualified Opinion.. Qualified Report or Qualified Opinion.. Disclaimer Report or Disclaimer of Opinion.. Adverse Audit Report or Adverse Opinion.. |
According to psa 700 revised, the following are the elements of the standard audit report except
zusammenhängende Posts
Urheberrechte © © 2024 decemle Inc.
