auditors' report

= audit report
A report by the auditors appointed to audit the accounts of a company or other organization. Auditors' reports may take many forms depending on who has appointed the auditors and for what purposes. Some auditors are engaged in an internal audit while others are appointed for various statutory purposes. The auditors of a limited company are required to form an opinion as to whether the annual accounts of the company give a true and fair view of its profit or loss for the period under review and of its state of affairs at the end of the period; they are also required to certify that the accounts are prepared in accordance with the requirements of the Companies Act (1985). The auditors' report is technically a report to the members of the company and it must be filed together with the accounts with the Registrar of Companies under the Companies Act (1985). Under this Act, the auditors' report must also include an audit of the directors' report with respect to consistency.

Big dictionary of business and management. 2014.

Look at other dictionaries:

  • auditors' report — Under Sections 235 and 236 Companies Act 1985, the auditor s report to the shareholders on the annual accounts stating whether the accounts have been prepared in accordance with the Companies Act 1985 and whether a true and fair view is given of… …   Law dictionary

  • auditors' report — audit report A report by the auditors appointed to audit the accounts of a company or other organization. Auditors reports may take many forms depending on who has appointed the auditors and for what purposes. Some auditors are engaged in an… …   Accounting dictionary

  • auditors’ report — /ˌɔ:dɪtəz rɪ pɔ:t/ noun a report written by a company’s auditors after they have examined the accounts of the company (NOTE: If the auditors are satisfied, the report certifies that, in their opinion, the accounts give a ‘true and fair’ view of… …   Dictionary of banking and finance

  • report of the auditor(s) — See: auditors report …   Accounting dictionary

  • report of the auditor(s) — See auditors report …   Big dictionary of business and management

  • report — Written or oral confirmation that all or part of one s order has been executed, including the price and size parameters of the trade being reported; often followed by a fresh picture. Bloomberg Financial Dictionary A premium on carrying over a… …   Financial and business terms

  • report — {{Roman}}I.{{/Roman}} noun 1 written/spoken account of sth ADJECTIVE ▪ groundbreaking, important, influential, landmark, major ▪ lengthy ▪ brief …   Collocations dictionary

  • auditors’ qualification — /ˌɔ:dɪtəz ˌkwɒlɪfɪ keɪʃ(ə)n/ noun a form of words in a report from the auditors of a company’s accounts, stating that in their opinion the accounts are not a true reflection of the company’s financial position. Also called qualification of… …   Dictionary of banking and finance

  • Cohen Commission Report — A U.S. report of 1978 that reviewed external auditor responsibilities. The Cohen Commission was established by the *American Institute of Certified Public Accountants, and it was named for its chairperson. The full title of the report was the… …   Auditor's dictionary

  • Treadway Commission Report — An abbreviated name for the 1987 report of the United States’ National Commission on Fraudulent Financial Reporting. Named for its chairperson, James C. Treadway (a former commissioner of the *Securities and Exchange Commission), the… …   Auditor's dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.