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Naveen Afar Ashley Jeffery & Co. Chartered AccountantsSindh Microfinance Bank LimitedAudit of Financial Statements for the year ended December 31, 2022INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF
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What is audit of financial statements?
An audit of financial statements is an independent examination of the financial statements of an organization, aimed at providing assurance that the financial reports are accurate and comply with accounting standards.
Who is required to file audit of financial statements?
Typically, publicly traded companies, certain private companies, and organizations that meet specific criteria under various laws and regulations are required to file audited financial statements.
How to fill out audit of financial statements?
To fill out an audit of financial statements, an auditor must perform tests and evaluations of the company's financial records, document findings, and provide a formal report that reflects the review of the financial statements.
What is the purpose of audit of financial statements?
The purpose of an audit of financial statements is to provide an independent assessment of the truthfulness and fairness of the financial statements, enhancing the credibility of the financial information presented to stakeholders.
What information must be reported on audit of financial statements?
The audit report must include the auditor's opinion on the fairness of the financial statements, any significant findings, compliance with laws and regulations, and the effectiveness of internal controls.
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