Illustrative audit report

Contents

INDEPENDENT AUDITOR’S REPORT 2

AUDITED FINANCIAL STATEMENTS 5

STATEMENT OF CASH RECEIPTS AND PAYMENTS 5

STATEMENT OF COMPARISON OF BUDGET AND ACTUAL AMOUNTS 6

ENCOURAGED SUPPLEMENTARY STATEMENTS 7

Certificate of Cash Position 7

Statement of Bank Account Reconciliation 8

Annual Budget Performance 9

NOTES TO THE FINANCIAL STATEMENTS 11

MANAGEMENT LETTER 15

ANNEXES 18

INDEPENDENT AUDITOR’S REPORT

This is a sample unmodified auditor’s opinion for general purpose financial statements in accordance with International Standards on Auditing (ISA) 700/ International Standards of Supreme Audit Institutions (ISSAI) 1700. For modifications to the opinion, please refer to ISA 705/ISSAI 1705.


INDEPENDENT AUDITOR’S REPORT

To the [Management of ABC Program or Other Appropriate Addressee]

Opinion

We have audited the financial statements of [ABC Program] (the Program), which comprise the statement of cash receipts and payments as at [December 31, 20X2], and the statement of comparison of budget and actual amounts for the year then ended, and notes to the financial statements, including a summary of significant accounting policies.

In our opinion, the accompanying financial statements present fairly, in all material respects, (or give a true and fair view of) the cash position of the [Program] as at [December 31, 20X2], and its financial performance for the year then ended in accordance with [International Public Sector Accounting Standards Financial Reporting Under the Cash Basis of Accounting (Cash Basis IPSAS)].