Sample Audit Opinion
We have audited the accompanying balance
sheet of ABC Company as of December 31,
20XX, and the related statements of income,
retained earnings, and cash flows for the
year then ended. These financial statements
are the responsibility of the Company’s
management. Our responsibility is to express
an opinion on these financial statements
based on our audit.
We conducted our audit in accordance with
generally accepted auditing standards. Those
standards require that we plan and perform
the audit to obtain reasonable assurance
about whether the financial statements are
free of material misstatement. An audit
includes examining, on a test basis,
evidence supporting the amounts and
disclosures in the financial statements. An
audit also includes assessing the accounting
principles used and significant estimates
made by management, as well as evaluating
the overall financial statement
presentation. We believe that our audit
provides a reasonable basis for our opinion.
In our opinion, the financial statements
referred to above present fairly, in all
material respects, the financial position of
ABC Company as of December 31, 20XX, and the
results of its operations and its cash flows
for the year then ended in conformity with
generally accepted accounting principles. |
