1.50 What are the different options for producing unaudited FS?
A. The different options for producing unaudited FS are as follows:
Add the word 'unaudited' in cover page
Cover page title becomes ‘REPORT AND UNAUDITED FINANCIAL STATEMENTS’
Add the word 'unaudited' in primary statements heading
The word 'unaudited' appears in the heading of the primary statements which include the statement of profit or loss and other comprehensive income, the statement of financial position, the statement of changes in equity, and the cash flow statement.
Add the word 'unaudited' in the note to the FS heading
Heading becomes ‘Notes to the unaudited financial statements’
Present auditor's report
Auditor’s report is optional. The different reports for unaudited financial statements are as follows:
- Review report (No audit) (ISA2400 - other than statutory auditor)
- Review report (No audit) (ISA2410 - by statutory auditor))
- Compilation report (there are 4 different available formats for this report)
The above report may be signed by the auditors as "Auditors" or as "Accountants"
Our website uses Cookies
To ensure you get the best experience out of our website we use cookies.
You can also read our
our
and our
