Audit report template: unmodified opinion

Sections in the template

• INDEPENDENT AUDITOR'S REPORT
• Report on the audit of the financial statements
• Opinion
• Basis for opinion
• [Key audit matters]
• [Other information]
• Responsibilities of management and the board of directors for the financial statements
• Auditor's responsibilities for the audit of the financial statements
• [Report on other legal and regulatory requirements]

How to use it

• Replace everything in square brackets: company, year end, framework, ethical code, firm and partner.
• Delete the optional sections that do not apply: key audit matters apply to listed entities, and other information applies where there is an annual report.
• Add the statements your law requires under the section on other legal and regulatory requirements.
• For a qualified, adverse or disclaimer of opinion, or a material uncertainty on going concern, do not adapt this template: follow ISA 705 and ISA 570.

Preview

Important

This is our own wording, written to include the elements ISA 700 requires for an unmodified opinion. It is not the illustrative report published by the IAASB. Many countries prescribe the form of the auditor's report by law or regulation, Pakistan among them, so conform it to your local requirements before use. It is not legal or professional advice.

Draft it from the audit file

In Stowbill the same report is drafted from the engagement, with the client's name, year end, partner and report date filled in, alongside a management letter built from the findings and uncorrected misstatements on the file.

Download the template

Questions