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Audit Opinion Letter

Unqualified Audit opinion

QuestionAnswer
Paragraph 1-Line 1 We have audited the accompanying balance sheet for X Company as of December 31, 20XX, and the related statements of income, retained earnings and cash flows for the period then ended.
Paragraph 1-Line 2 These financial statements are the responsibility of the company’s management.
Paragraph 1-Line 3 Our responsibility is to express an opinion on these financial statements based on our audit.
Paragraph 2- Line 1 We conducted our audit in accordance with auditing standards generally accepted in the United States of America.
Paragraph 2- Line 2 Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.
Paragraph 2- Line 3 An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.
Paragraph 2- Line 4 An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
Paragraph 2- Line 5 We believe that our audit provides a reasonable basis for our opinion.
Paragraph 3- Line 1 In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of X Company as of December 31, 20XX, and the results of its operations and its cash flows for the year then ended
Paragraph 3- Line 2 in conformity with accounting principles generally accepted in the United States of America.
Created by: aphillips1976