What Is an Audited Report?

An audited report is a comprehensive report that contains:

1. Directors’ report and statement;
2. Independent auditor’s opinion;
3. Company’s financial statements;
4. Assessment regarding accuracy, fairness and compliance of those financial statements with relevant accounting standards, regulations and laws.

Audit involves a detailed examination of the financial records, transactions, internal controls, and processes of the company to provide an opinion on the credibility and reliability of the financial information presented in the report.

The auditor’s opinion in the audited report adds credibility and assurance to the financial information for stakeholders, bankers, investors, regulators and other interested parties.

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