After preparation of accounts and reports by the management, an audit is performed by an external auditor hired by the audit committee. The audit is performed to verify the authenticity of the management and truthfulness of the financial statements. All the financial reports are issued to the public and stakeholders along with this audit report. This audit report can either be qualified or unqualified. An unqualified audit opinion indicates that the financial statements have been prepared according to the international financial reporting standards (IFRS) and portray a true and fair view of the business whereas a qualified report indicates the vice versa of it.
Hence, it is vital for your company to prepare your accounts and reports with honesty and as per the IFRS. A&A Associates can guarantee you a high level of assurance that the financial statements will be prepared accurately by our qualified accountants who are well versed with the IFRS, international accounting standards (IAS) and the generally accepted accounting principles (GAAP).