What is an auditor’s report?
Definition of auditor’s report:
An auditor’s report provides an opinion on the quality of a company’s financial statements. The auditor, often from an external company, evaluates finalised financial statements to establish whether the documents are reliable and/or valid. The auditor then produces a report to show their professional opinion.
The aim of an auditor’s report is to demonstrate a company’s financial statements are free from error. The auditor may find problems within a company’s financial statement – this type of reservation would be highlighted in the report, and the company may have to address the issue in order to pass the audit.
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