英语论文网

rselves as to the completeness and accuracy of the accounting records in respect of sales, the financial report gives a true and fair view of (or ‘presents fairly, in all material respects,’) the financial position of the company as of … and the results of its operations and its cash flows for the year then ended in accordance with … (and complies with…).
Example of paragraphs for an auditor’s report with an inability to form an opinion when completeness of accounting records is not substantiated—scope limitation that is so significant that the auditor is unable to express an opinion
The company’s sales were made entirely on a cash basis. There was no system of control over such sales on which we could rely for the purpose of our audit and there were no satisfactory audit procedures that we could perform to obtain reasonable assurance that all cash sales were properly recorded.Because of the significance of the matter discussed in the preceding paragraph, we do not express an opinion on the financial report.
Date and Signature of the Auditor’s Report
.105 The auditor dates the auditor’s report as of the completion date of the audit. This date should not be earlier than the date on which the owner-manager approves or signs the financial report. Approval may be in the form of a management representation. In the audit of small entities, for practical reasons, the auditor may actually sign the report on a date later than that on which the owner-manager approves or signs the financial report. Prior planning by the auditor, and discussion with the management of their procedures for finalising the financial report, will often prevent this situation from arising. Where it cannot be avoided, there is a possibility that some event during the intervening period could materially affect the financial report. Therefore, the auditor takes such steps as are appropriate:
(a) To obtain assurance that, on that later date, the owner-manager would have acknowledged responsibility for the financial report or the items appearing therein; and
(b) To ensure that their procedures for reviewing subsequent events cover the period up to that date.
AUS 212: Other Information in Documents Containing Audited Financial Reports
.106 The auditor reads the other information to identify material inconsistencies with the audited financial report. Examples of “other information” often included with the financial report of a small entity is the detailed income and expenditure statement, that is often attached with audited financial report for taxation purposes, and the management report.
Operative Date
.107 This AGS is operative from the date of issue.
Compatibility with International Standards and Statements on Auditing
.108 The guidance provided in this AGS is consistent with IAPS 1005 “The Special Considerations in the Audit of Small Entities”.BACKGROUND TO REVISION
This section does not form part of the Guidance Statement. It is a summary of the reasons for the current revision to the Guidance Statement and of key issues which have been considered by the Auditing & Assurance Standards Board (AuASB) as part of this revision.
1. This Auditing and Assurance Guidance Statement AGS 1048 “The Special Considerations in the Audit of Small Entities” replaces the former AGS 1048, issued in July 2002.
2. The revised AGS 1048 describes the characteristics commonly found in small entities. It also provides guidance on the application of