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Chapter 15 4

2.5 Reporting

The assurance report should include the following elements:

 Title – clearly indicating the report is an independent assurance report

 Addressee – identifies the intended user

 Identification and description of the subject matter including period of the
information, name of the entity to which the subject matter relates

 Identification of the criteria

 Description of any significant, inherent limitations

 Restriction on the use of the report to specific users

 Statement of responsibilities of the responsible party and practitioner

 Statement that the engagement was performed in accordance with professional
standards

 Summary of the work performed

 Practitioner's conclusion

 Date

 Name of the firm or practitioner and location

Conclusion

The conclusion of an assurance report may be:

 Unmodified

 Qualified

 Adverse

 Disclaimer

If the conclusion is modified, a basis for qualified/adverse/disclaimer of conclusion
will be included to explain the circumstances causing the modification.

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