One Page Audit Report
Write a one-page audit report about the 7 parts of an audit report
The American Institute of Certified Public Accountants (AICPA) professional standards provide uniform wording and format for the audit report. Consider the above events and write a 1-page audit report for Harrison that includes all 7 parts of a standard audit report, as follows:
- Report title
- Audit report address
- Introductory paragraphs
- Scope paragraph
- Opinion paragraph
- Name of the Certified Public Accountant (CPA) firm
- Audit report date
One Page Document
At the end of the audit, the audit team completed the fieldwork and signed the auditor report on March 20, 2014. Harrison sold some of assets in the rectangular heat exchangers line on March 31, 2014. The team is concerned about this event transaction occurring after December 31, 2013 that may affect the 2013 financial statements. Discuss the following questions in a 1-page document:
- What general types of subsequent events require consideration and evaluation by the management and the audit team?
- Describe the financial statement effect of the subsequent event that is described above.
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