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Models of the annual financial audit reports
According to the International Standards on Auditing
French model: France
Auditors report on the accounts and the consolidated financial statements of the Group of Companies for the year ended and the report consists of four main sections:
1. Review completed in accordance with the guidelines of the International Review.
2. Display and clarify some of the exceptional treatments such as:
* The value of aid and grants paid by the French government and the European Union to the company.
* Financial uncertainties in their investigation and the possibility of solving them.
3. express an opinion on the financial statements and accounts presented.
4. recognizing that the statements have been prepared in accordance with accounting principles and foundations recognized and accepted generally accepted in France, as well as in accordance with International Standards on Auditing.
Japanese model: Japan
And includes several sections of the report, including: -
1. examine the balance sheet and statement of income and shareholders' equity and cash flow statement for the financial year (crossing values reported Japanese yen).
2-complete inspection and audit in accordance with auditing standards in Japan.
3. The translation of the financial values in the financial statements and budget US dollar versus the Japanese yen.
4. Review Report bonuses and compensation of employees at the end of the service.
5. Review the long-term business value (construction and contracting).
German model: Germany
The most important German financial report contained two main elements: -
First, a review of the accounting records and financial statements according to the levels of professional standards.
Professional Standards.
Second, that the accounts and financial statements give a true and fair view of the financial position and business results.
The English model: United Kingdom
Most important items:
1. Audit and records and financial statements in accordance with auditing standards (national and international)
2. that the accounts and financial statements give a true picture of (identical) and just about the activity of the company.
True and Fair view.
American model:
United States of America.
The most important thing contained in the US report:
1. The financial statements and budget prepared by the Company management.
2. The financial position and cash flows and business results and as well as the relative importance of items fairly describes the results and all of which are consistent and the basic principles of accounting.
3. The financial statements are the responsibility of the Company's management presented and determined references responsibility is to express an opinion technical Neutrals
4. The review has according to international auditing standards, which require that we plan and perform the audit procedures.
Egyptian model EGYPT
Model not unlike the Egyptian financial report for the American model.
The most important components: -
1-The preparation of financial statements responsibility of Directors.
2. References determined responsibility to express an opinion Technical neutral.
3. The examination of the test documents and evidence as well as the Notes and has, according to auditing standards and accounting and Egyptian as well as international.
4. The Company has maintained financial accounts in line with what came to laws and regulations governing the work and instructions.
Clean report (without reservations)
The independent auditor's report
To shareholders - the company:
We have audited the accompanying consolidated financial statements of the company, which include the consolidated statement of financial position as at31.12.2014 m and statements of income, comprehensive income, changes in equity and cash flow statements for the year ended on that date and a summary of significant accounting policies and other explanatory notes (1) to (45).
Management's responsibility to the Consolidated Financial Statements:
Management is responsible for the preparation of these consolidated financial statements and fair presentation in accordance with International Financial Reporting Standards This responsibility includes designing, implementing and maintaining a special internal control system to prepare consolidated financial statements and fair presentation are free from material whether due to fraud or error and selecting and applying appropriate accounting policies errors and make reasonable accounting estimates according to the circumstances.
Responsibility of the auditor:
Our responsibility is to express an opinion on these consolidated financial statements based on our review of the business conducted our review in accordance with International Standards on Auditing, which require that we comply with the requirements of professional ethics and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements are evidence-based procedures selected to estimate the auditor, including the assessment of material misstatement of the consolidated financial statements risks whether due preparation and fair presentation of the consolidated financial statements for the purpose of designing appropriate audit procedures depending on the circumstances and not for the purpose of expressing an opinion on the effectiveness of internal controls the company also includes evaluating the appropriateness of the audit and the reasonableness of accounting estimates made by management's accounting policies as well as the overall presentation of the consolidated financial statements to assess.
We believe that the audit evidence we have obtained is sufficient and appropriate to be the basis for our opinion.
Opinion:
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Company as of31/12/2014 m financial performance and consolidated cash for the year ended flows at that date in accordance with International Financial Reporting Standards as is consistent with the memorandum and articles of association of the company's requirements.
i answered this question befor thanx
Date of the report, title, addressee, identification, reference to the auditing standards, audit opinion, signature and auditor's address as the essentials of an audit report
