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Www. pwc.de The use of the long-form audit report as a tool for communicating with the German financial supervisors 30. Trading books interest rate risk and funds liquidity solvability ratio Pillar III use of waiver Money laundering F0-F5 Reporting on credit business reporting Regulatory group oriented Qualified holdings large engagements information required from borrowers Sources of credit risk remarkable engagements recoverability of engagements Net assets financial and earnings...
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A long form audit report is a detailed report prepared by auditors that provides a comprehensive assessment of an organization's financial statements, internal controls, and compliance with relevant laws and regulations.
Public companies and certain other entities, such as financial institutions, that meet specific criteria are typically required to file a long form audit report.
Filling out a long form audit report requires auditors to gather evidence, perform testing, analyze financial data, and document their findings in accordance with generally accepted auditing standards (GAAS).
The purpose of a long form audit report is to provide stakeholders, including investors, regulators, and the general public, with an independent and objective opinion about the accuracy and reliability of an organization's financial statements.
A long form audit report typically includes the auditor's opinion on the fairness of the financial statements, an assessment of internal controls, identification of significant accounting policies, and any identified non-compliance with laws and regulations.
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