Independent Auditors Report: Messages Conveyed and Implications
Date
2014-05-07
Authors
Aqel, Saher
Journal Title
Journal ISSN
Volume Title
Publisher
OECONOMICA
Abstract
Auditing plays a crucial role in the business environment by providing assurance services
to the public so as to decrease information risk by increasing the reliability of financial information
provided by the business entities. As the final product of the audit, the audit report is a way by which
the auditor communicates with the public the findings of the audit process. The auditor‟s report is the
only aspect of the work of auditor that can be available to the public. Thus, users are likely to assess
the auditor‟s professionalism and competence by this report. The purpose of this study is to address
the meaning and implication of the audit report in addition to a discussion of the messages perceived
from the auditor‟s report. Differences in perceptions of the meaning of the auditor‟s report may exist
between the auditors and users. Users may misperceive the nature and scope of the audit function and
the level of assurance when they read the audit report
Description
Keywords
Auditing , auditor‟s report , auditor‟s responsibilities