It has often been said that the auditors‟ report is the formal result of all his efforts.
This being the case, it is very important that the reader well understands the meaning
of the Audit Report, particularly where the auditor wishes to qualify his opinion on
the financial statements.
Required:
a) Under statutory provision, what are the main contents of the auditors‟ report?(6
marks)

b) Explain how the international standards on auditing attempt to ensure that the
report of the auditors is clearly understood. (8
marks)
c) Describe clearly the circumstances in which an adverse opinion and a disclaimer of
opinion would be appropriate and give two examples, one each, to illustrate your
answer. (A full audit opinion is not required). (6 marks)