Principles Governing an Audit Auditing and Assurance standards give the basic principles an auditor has to follow while conducting an audit of financial statements of any organization. 1.
Types of Audit Report There are four types of Audit Report. They are— Clean Report Qualified Report Disclaimer Negative Report They are briefly explained as follows. 1. Clean
Understanding Audit Report The auditor’s report is the end product of each audit. Audit report is considered as and important channel through which opinions of an auditor about the financial statements