Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What are the differences between accountant's opinion, auditor's report, and auditor's statement?

What are the differences between accountant's opinion, auditor's report, and auditor's statement?

user-image
Question added by Wilfredo Quito , Accounting Manager , DDC LAND INC.
Date Posted: 2016/10/21
Ahmed mohsen
by Ahmed mohsen , Senior Accountant , Main Poly Clinic

The auditor's report is a disclaimer thereof, issued by either an internal auditor or an independent external auditor as a result of an internal or external audit, as an assurance service in order for the user to make decisions based on the results of the audit.

 

An auditor's report is considered an essential tool when reporting financial information to users, particularly in business.

Accountant's Opinion

 

A statement signed by an independent accountant outlining his or her opinion regarding the quality of information contained in a company's financial reports and records.

Ahmed Ezzat Mohamed Nasr
by Ahmed Ezzat Mohamed Nasr , Finance Director , M. Alriyadh Co. (Group of Co.)

Thank you for your kindness invitation.

I'm fully agree with all previous  and expert answers.

Regards

Tomasz L
by Tomasz L , Reporting Specialist , Outworking

yeah auditor's report completes the statements contained in the auditor's opinion.

Anil Lalwani
by Anil Lalwani , Chief Accountant , Al Ahli Hospital

  • Accountant's opinion : Accountants opinion is his view on in-house financial prepared and finalised by him to the best of his knowledge and ability.
  • Auditor's report : It is an expert view of Auditor over and above Accountant's view. Auditors report is normally considered as acceptable to all like general public, stockholders etc. Auditor may be, Qualified Report, Unqualified Report, Adverse Report and Disclaimer Report.
  •  Audited Statement finalised by auditor over and above Accountant's Statement, after making adjustment, correction or rectification if needed so. Its final and does not need further checking or verification in normal circumstances.

Mohamed Azmy
by Mohamed Azmy , Finance Manager , Napata

  1. Accountant's opinion is how to apply IFRS on daily transactions and accounting estimates according to company's policies and preparing financial statements according to IFRS
  2. Auditor's report is  a written opinion of an auditor regarding an entity's financial statements. The report is written in a standard format, as mandated by generally accepted auditing standards (GAAS)
  3. Auditor's statement isthe examination of an entity's financial statements and accompanying disclosures by an independent auditor. The result of this examination is a report by the auditor, attesting to the fairness of presentation of the financial statements and related disclosures

عبد الرحمن ابراهيم محمد العمايره
by عبد الرحمن ابراهيم محمد العمايره , معلم , وزارة التربية والتعليم

My dear brother, is all that Ovradz reported from one family, grew up in the same environment, but each cycle and orientations and objectives of the accountant logs restrictions and follow movements Aleomahoeugd people higher than sequentially career head of accounts and director of Mali. The auditor who shall examine what has been recorded and to inspect the defect and report it to correct this imbalance, which follows the supervisory body in Aladarha'ea. As AVI institutions and large corporations (eg contribution) whereupon the contract with an external office is far from the control of any member of the Board of Directors and Aotair audit is responsible to government agencies financial (interest Zkh and income) for any defect in the data provided financial circles financial analyst: who is reading the company's various statements (balance sheet and profit ...) and converted to percentages or numbers will be Mvhmumh non-professionals (working in the field of accounts) General Assembly and the board of Directors and others and then compare it with the proportions of years or earlier periods in accordance with specific financial indicators (as an indicator of profitability and the rate of inventory turnover, etc.) this review briefly and God Crown success

kamran khalid
by kamran khalid , Head Of Finance , Pace College

Accountant opinion reflect management opinion of financial statement.

 

Audit report bases on Audit perform by an Auditor.

 

Auditor statement means auditor opinion where financial statements are materially misstated.

Saifullah Saifi
by Saifullah Saifi , Accountant , United Brothers Trader

I am fully agree with all above opinions

All reports are leading to the same performance analysis etc but Accountant reports have Validitiy Internally while Auditors reports have Validitiy Externally.For Example Banks Stake Holder.Auditors reports have more authenticity as far as Law is concerned.Auditors statement can be qualified by auditors throu their reports.Accountants reports are clear suggestion and answers to solve the Problems and queries.This can be explained in great details in a Nutshell this could suffice i think

More Questions Like This