the key financial statements and the auditor＇s report

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1、--------------------------------------------精品文档Word可编辑值得收藏------------------------------------------------Thekeyfinancialstatementsandtheauditor＇sreportThekeyfinancialstatementsandtheauditor＇sreport●茆懿心博士DrJenniferMao　Acompany’sannualreportmustcontainthreekeyfinancialsta

2、tements--theBalanceSheet(BS),theIncomeStatement(IS),andtheStatementofChangesinFinancialPositions(SCFP).Anunqualifiedauditopinionfromtheauditorwillnotbepossibleifanyofthethreestatementsisabsent.Inanunqualifiedauditreport,theauditorcertifiesthattheauditedfinancialstatements

3、arepreparedinaccordancewithoftheGenerallyAcceptedAccountingPrinciples(GAAP)andareabletofairlypresentthecompany’sfinancialpositionattheendofthefinancialyearanditsperformanceaswellasthechangesinfinancialpositionsforthefinancialyear.Anunqualifiedauditreportisalsoknownasa“cle

4、an”report.　TheBSisthestatementthatpresentsthecompany’sfinancialpositionattheyear-end.Thecompany’sperformanceandchangesinfinancialpositionsfortheyeararerespectivelypresentedbytheISandtheSCFP.　Forafinancialyear,thecompanyhasaBSatthestart,anotherattheend.Theyareliketwopictur

5、esofthecompany,onetakenatthestartoftheyear,theotherattheendoftheyear.HowthecompanychangedfromthefirstpicturetothesecondpictureiscapturedbytheISandSCFPoftheyear.　Accordingtotheopinionexpressedbytheauditor,thereareessentiallythreetypesofauditreports,theunqualifiedorcleanrep

6、ortmentionedabove,thequalifiedreport,andthedisclaimer.Whenanauditorcannotcertifythefair-presentationqualityofthefinancialstatements,hewillissueaqualifiedopinionoradisclaimerdependingontheseriousnessofthe3----------------------------------------------------精品文档值得收藏--------

7、-----------------------------------------------------------------------------------------------精品文档Word可编辑值得收藏------------------------------------------------matter.Ifinhisopinionthefinancialstatementsaresomisleadingthattheyarenotabletofairlypresentthecompany’syear-endfin

8、ancialposition,theperformanceandfinancialpositionchangesfortheyear,heshouldissueadisclaimer.　Ifh