Chapter 6 : Audit Report  1. There are four basic types of audit reports or opinions , namely : Unqualified , Qualified , Adverse ,  and Disclaimer . An unqualified audit report may be ‘clean’ or may contain explanatory language. 2. Companies Act 1965 requires companies to prepare financial statements and that they should be audited whereby the auditor must express an opinion wheather the financial statements are accurate. 3. The basic structure of an audit report comprise , report title , Audit report address . Introductory paragraph , scope paragraph ,Auditor’s details such as address name and signature. Opinion paragraph and tge date of audit report.  4. Unqualified audit report with ecplainatory language is issued if the overall financial statements give a true and dair view but there is inconsistency in regard to one of the following: inconsistent application of GAAP , substantial doubt about going concern Auditor agree with departure from GAAP , emphasis of the matter

Chapter 6: Auditor Report There are four basic types of audit reports or opinions namely : Unqualified, Qualified, Adverse and Disclaimer. An unqualified audit report may be "clean "or may contain explanatory language. Companies Act 1965 requires companies to prepare financial statements and that they should be audited whereby the auditor must express an opinion whether the financial statements are accurate The basic structure of an audit report comprises ,audit report address, introductory paragraph, scope paragraph, auditor details such as address, name and signature An unqualified audit report with explanatory language is issued if the overall financial statements give a true and fair view but there is inconsistency in regard to one of the following -inconsistent application of GAAP. https://www.facebook.com/mypolyaudit/videos/2579369648839604/ QUESTIONS What is an audit report? (group 1) Name the different type of audit reports  (group 2) Under what condition

Discussion on  Business Ethics and Social Responsibility  More information on : Business Ethics and Corporate Social Responsibility https://bit.ly/2us5NnT video on this topic :

Business ethics is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individu      honest Example:                                               1. executives are honest  truthful in all their dealings and they do not deliberately mislead or deceive others by misrepresentations, overstatements, partial truths, selective omissions, or any other means. 2. INTEGRITY. Ehtical  executives demonstrate personal integrity and the courage of their convictions by doing what they think is right even when there is great pressure to do otherwise; they are principled, honorable and upright; they will fight for their beliefs. They will not sacrifice principle for expediency, be hypocritical, or unscrupulous.

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dreamkillers   perbincangkan tentang audit report 

AUDIT REPORT DISCLAIMER OPINION .

Audit Review https://youtu.be/XvzSyl_6-zo Audit Report https://youtu.be/LtkaVRHIiQQ

6.1.1 Define audit report according to the statutory requirement. 6.1.2 State the types of audit report: Unmodified report: Modified report: 6.1.3 Prepare an overview of each types of report. 6.1.4 Explain the situations which resulted in each type of  the audit report being released. 6.1.5 Discuss the elements in each of the audit report. 6.1.6 Design the report for each type. 6.2 Know the auditor's responsibilities. 6.2.1 Describe auditor responsibilities.