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Auditors Report Form 35 A Claw Rules

The auditor's report summarizes the audit of a company's financial statements. It includes sections on the auditor's responsibility, scope of the audit work, and opinion on whether the financial statements provide a true and fair view and comply with relevant regulations. The report checks that proper books were kept, accounting policies follow standards, expenditures were for business purposes, and that zakat was correctly deducted and deposited. Any qualifications to the opinion are also reported.

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69 views

Auditors Report Form 35 A Claw Rules

The auditor's report summarizes the audit of a company's financial statements. It includes sections on the auditor's responsibility, scope of the audit work, and opinion on whether the financial statements provide a true and fair view and comply with relevant regulations. The report checks that proper books were kept, accounting policies follow standards, expenditures were for business purposes, and that zakat was correctly deducted and deposited. Any qualifications to the opinion are also reported.

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Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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| Auditors Report | Form 35A | Company Rules, 1985 |_______________________By: Rehan Farhat

Auditors Report
A. Introductory Paragraph.
B. Responsibility of management and of auditors.
C. Scope, reasonable assurance about no misstatement, assessing policies etc.
D. Opinion
E. True and fair view.
F. Zakat opinion.

1. The auditor has obtained all the information and explanation which they
consider necessary for the purpose of audit.
2. Proper books of accounts have been kept [Sec-230]
3. Accounts have been drawn up in conformity with the Companies` Ordinance,
1984.
[Sec-234(2)]
4. Accounting policies are in accordance with approved IASs. [Sec-234(3)]
5. Accounts are in agreement with books of accounts. (T/B = G/L)
6. Expenditure was incurred for the purpose of the business.
7. Business conducted, investments made and expenditures incurred were with in
the objects of the company.
8. Whether or not Financial Statements give a true and fair view.
9. Whether or not zakat was deducted and deposited in the Central Zakat Fund
and other funds.
If any negative event is reported, report will be qualified. In this case give reasons for
such qualification.

_________________________________________________________________________________________
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