Independent Auditor's Report

Topics: Income statement, Auditing, Audit Pages: 4 (853 words) Published: April 27, 2013


To the

Members of …… of company

Report on the Financial Statements

We have audited the accompanying financial statements of ………………("the Company"), which comprise the Balance Sheet as at March 31, 2013, and the Statement of Profit and Loss and Cash Flow Statement for the year then ended, and a summary of significant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

Management is responsible for the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the Accounting Standards referred to in sub-section (3C) of section 211 of the Companies Act, 1956 "the Act"). This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Auditing: Understanding the Auditor's Report Research Paper
  • The Importance of External Auditor’s Independence Research Paper
  • Apollo Shoes Audit Report Essay
  • Sample Audit Report with Predecessor Auditor 2011 Essay
  • Beginning the Audit Report 2 Essay
  • Auditing: Financial Audit and Auditors Reports Date Essay
  • Essay about Role of Auditors and the Auditor's Report
  • Auditor's Independence Essay

Become a StudyMode Member

Sign Up - It's Free