Auditor’s Report

The auditor’s report is a written letter from the auditor containing the opinion of whether a company’s financial statements comply with generally accepted accounting principles (GAAP). The independent and external audit report is typically published with the company’s annual report. The auditor’s report is important because banks and creditors require an audit of a company’s financial statements before lending to them. In this article, we explain what goes into an auditor’s report as well as review an example of an audit report.