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Interpretation and Application of International Standards on Auditing by Steven Collings

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APPENDIX 4

ILLUSTRATIVE AUDITOR REPORT (UK AND IRELAND)

The following illustrative auditors’ reports are based on the requirements in ISA 700 (revised) ‘The Independent Auditor's Report on a Complete Set of General Purpose Financial Statements’, ISA 705 ‘Modifications to the Opinion in the Independent Auditor's Report’ and ISA 706 ‘Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor's Report’. Each jurisdiction may have their own wording in certain areas of the auditor's report and, therefore, it is advisable to consult the recommended practice issued by regulatory authorities in each jurisdiction.

ILLUSTRATION 1 — UNQUALIFIED OPINION

Report of the Independent Auditor to the Shareholders of Audit Client Limited

We have audited the financial statements of Audit Client Limited for the year ended 31 July 2010 on pages five to seventeen. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company ...

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