Page 193 - Microsoft Word - 00 IWB ACCA F7.docx

Reporting

Element Purpose

Auditor's responsibilities for To clarify that the auditor is responsible for expressing
the audit of the financial reasonable assurance as to whether the financial
statements statements give a true and fair view and express that
opinion in the auditor's report. The section also
describes the auditor's responsibilities in respect of
risk assessment, internal controls, going concern and
accounting policies. Included to help minimise the
expectations gap

Report on Other Legal and To highlight any additional reporting responsibilities, if
Regulatory Requirements applicable. This may include responsibilities in some
jurisdictions to report on the adequacy of accounting
records, internal controls over financial reporting, or
other information published with the financial
statements

Other matter To draw attention of the user to any other matters
related to the audit, auditor’s responsibilities or
auditor’s report of which the user should be aware

Name of the engagement To identify the person responsible for the audit opinion
partner in case of any queries

Signature Shows the engagement partner or firm accountable
for the opinion

Auditor’s address To identify the specific office of the engagement
partner in case of any queries

Date To identify the date up to which the audit work has
been performed. Any information that comes to light
after this date will not have been considered by the
auditor when forming their opinion. The report must be
signed and dated after the date the directors approved
the financial statements. Often, the financial
statements are approved and the auditor's report
signed on the same day

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