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Audit Work

The work that an auditor undertakes during the company audit will be summarised in their audit report which usually accompanies the limited company accounts which are presented to shareholders.

The audit report will contain several distinct sections including the accounting standards used for the basis of assessment during the company audit, a synopsis of the scope of their work during the company audit.

The audit report will then present a conclusion of whether the evidence gathered during the company audit supports the opinion that the company accounts show a true and fair view of the actual activities engaged in during the period under consideration.

A further section within the audit report would highlight any significant discrepancies between the auditor’s and director’s view of the limited company accounts and details such differences for the reader to make an informed assessment.