Professional Documents
Culture Documents
000 Audit Opinions
000 Audit Opinions
Unmodified
Qualified in terms of GAAP
Qualified in terms of GAAS
Adverse (GAAP)
Disclaimer (GAAS)
Presents fairly
NOT presented fairly
Compilation no assurance
Interim audit
No opinion
Comfort Letters
- independence
- Compliance of F/S with SEC Act (IF STATEMENTS WERE AUDITED)
Negative assurance
Attestation
Examples
o WebTrust
o SysTrust
o Forecast
o Projection
o Compliance
o IC
o Agreed upon procedures
o Proforma F/S
o MD&A
No evaluation of IC
Restricted use
Governmental
Report on
1 fair presentation of F/S
2 fair presentation of expenditures
3 report on I/C over financial reporting and compliance
4 report on I/C over compliance
5 provide schedule of findings