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  • Audit Certificate vs. Audit Report

    Transféré par

    Akshansh Mahajan
    6K vues1 page
    The auditor's report expresses the auditor's opinion on the accuracy of the company's financial statements and accounts, while the auditor's certificate confirms the actual figures and facts based on the accounts. The auditor's report has a broader scope that allows for constructive advice and criticism, whereas the auditor's certificate is limited in scope with no room for criticism or advice. While the auditor's report must be issued each year after the accounting period ends, an auditor's certificate is not mandatory annually.

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    HJ

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    The auditor's report expresses the auditor's opinion on the accuracy of the company's financial statements and accounts, while the auditor's certificate confirms the actual figures and facts based on the accounts. The auditor's report has a broader scope that allows for constructive advice and criticism, whereas the auditor's certificate is limited in scope with no room for criticism or advice. While the auditor's report must be issued each year after the accounting period ends, an auditor's certificate is not mandatory annually.

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    © All Rights Reserved
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    6K vues1 page

    Audit Certificate vs. Audit Report

    Transféré par

    Akshansh Mahajan
    The auditor's report expresses the auditor's opinion on the accuracy of the company's financial statements and accounts, while the auditor's certificate confirms the actual figures and facts based on the accounts. The auditor's report has a broader scope that allows for constructive advice and criticism, whereas the auditor's certificate is limited in scope with no room for criticism or advice. While the auditor's report must be issued each year after the accounting period ends, an auditor's certificate is not mandatory annually.

    Droits d'auteur :

    © All Rights Reserved
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    Signaler comme contenu inapproprié
    sur 1

    Points

    Auditors report

    Auditors certificate
    It is a confirmation of

    It is an expression of opinion
    1. Nature

    correctness and accuracy


    about the account.
    about some matters.
    The report is based on

    Certificate is based on actual

    assumptions and estimations

    figures and facts.

    There may be criticism about

    There is no scope of criticism

    the report.

    about certificate.

    The scope of report is large.

    Its scope is limited.

    In the scope there is a scope

    No scope of constructive

    of giving constructive advice

    advice exists in case of

    in company.

    certificate.

    2. Basis of audit

    3. Criticism

    4. Scope

    5. Scope of

    After the end of each


    Certificate is not mandatory in
    6. Time of issue

    accounting year report is


    every year.
    mandatory.
    As a report is merely an
    In case of wrong certificate,
    opinion, if it is not correct, the

    7. Liability of auditor

    the auditor will be held


    auditor may not be held
    responsible.
    responsible.

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