What is the purpose of an audit report ?

The purpose of an audit report is to reflect a clear written expression of the auditor‘s opinion on the financial statements taken as a whole. This entails indicating explicitly whether the financial statements give a true and fair view of the state of affairs of the company.

The auditors have a statutory duty to make a report to the members on the accounts examined by them and on the financial statements, at the A.G.M, during the period they hold office.

Share through

Leave a Reply

Your email address will not be published. Required fields are marked *