The auditor’s report states, for example, that the auditor has audited the financial report of the entity, which comprises [state the title of each financial statement and assertion statement comprising the financial report required by the applicable …

When the auditor is aware that the audited financial report will be included in a document that contains other information, such as an annual report, the auditor may consider, if the form of presentation allows, identifying the page numbers on which the …

“Present fairly, in all material respects” or “give a true and fair view” …

The nature and extent of the required understanding is a matter of the auditor’s professional judgement and varies from entity to entity based on the nature and circumstances of the entity, including: The size and complexity of the entity, including its …

The phrases “present fairly, in all material respects,” and “give a true and fair view” are regarded as being equivalent.  Whether the phrase “present fairly, in all material respects,” or the phrase “give a true and fair view” is used in any particular …

When the auditor expresses an unmodified opinion, it is not appropriate to use phrases such as “with the foregoing explanation” or “subject to” in relation to the opinion, as these suggest a conditional opinion or a weakening or modification of …

Description of the financial report and the matters it presents …

The auditor’s opinion covers the financial report as defined by the applicable financial reporting framework.  For example, in the case of many general purpose frameworks, the financial report may include: a statement of financial position, a statement of …

In the case of a financial report prepared in accordance with a fair presentation framework, the auditor’s opinion states that the financial report presents fairly, in all material respects, or gives a true and fair view of, the matters that the financial …

Description of the applicable financial reporting framework and how it may affect the auditor’s opinion …