EXTERNAL AUDIT REPORTS
The final audit report should normally be drafted by the audit manager and signed by the audit partner.
Auditors‟ reports on financial statements should contain a clear expression of an opinion, based on the review and assessment of the conclusions drawn from the evidence obtained in the course of the audit.Contents of the auditor’s report on financial statements.The auditor’s report should contain the following matters:A title identifying the person or persons to whom the report is addressed.
An introductory paragraph identifying the financial statements audited.Separate sections, appropriately dealing with:respective responsibilities of directors and auditors. the basis of the auditor's opinion and
the auditor's opinion on the financial statements.The date of the auditor's report. The term independent auditors should be used in the title of the audit report to better distinguish it fro many other reports prepared by officers of the company.