click below
click below
Normal Size Small Size show me how
Audit Opinion Letter
Unqualified Audit opinion
Question | Answer |
---|---|
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. |