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THIS OPINION SHELL MUST BE USED FOR 123121 & SUBSEQUENT FYEs.Example A16 (SLG Chapter 16.102): Unmodified Opinions on Departmental Financial StatementsINDEPENDENT AUDITOR\'S REPORT21Entity Name County
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How to fill out independent auditors report

01
Obtain a copy of the financial statements and supporting documents.
02
Review the financial statements and supporting documents for accuracy and completeness.
03
Conduct fieldwork, including interviews with key personnel and testing of controls.
04
Prepare the independent auditors report, including an opinion on the financial statements.
05
Issue the report to the client and relevant stakeholders.

Who needs independent auditors report?

01
Publicly traded companies
02
Nonprofit organizations receiving federal funding
03
Companies seeking financing from banks or investors
04
Government entities

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An independent auditor's report is a formal opinion or disclaimer of opinion issued by an independent auditor after completing an audit of a company's financial statements. It provides an assessment of whether the financial statements are presented fairly and in accordance with the applicable accounting standards.
Publicly traded companies and certain private companies are required to file independent auditor's reports as part of their financial reporting obligations. Regulatory bodies often mandate this requirement to ensure transparency and accountability in financial disclosures.
To fill out an independent auditor's report, the auditor must gather sufficient information and evidence through their audit process. This involves assessing the financial statements, ensuring compliance with accounting standards, and then drafting the report to include their opinion on the financial statements' accuracy and fairness.
The purpose of an independent auditor's report is to provide stakeholders, including investors and regulators, with an objective assessment of a company's financial statements, highlighting areas of compliance and risk to enhance credibility and trust in the financial reporting process.
An independent auditor's report must include the auditor's opinion on the financial statements, the basis for that opinion, the financial reporting framework used, the auditor's responsibilities, and any critical audit matters or issues encountered during the audit.
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