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Comparative Analysis Of Audit Report Types On Theconsolidated Financial Statements


  • Attila Tamas Szora

    (University ‘1 Decembrie 1918‘ Alba Iulia Romania)


Audits carried out in accordance with International Standards on Auditing orInternational Standards on Review Engagements and procedures undertaken by the independentauditor made under the International Standard on Related Services are two totally differentcommitments in terms of the independent auditor to express an audit opinion on a report. Whathappens when on these types of commitment a comparative analysis is performed to highlight thestrengths and weaknesses of each, and not least the need to inform the beneficiaries meeting reportissued by the independent auditor.The empirical study presented aims to present, the context of an atypical commitment, a solutionof the type of mission which may be subject to a commitment by the auditor, studying comparativelythe relevant standards applicable or audit missions as appropriate, based on ISA 700 Formulatingan opinion and reporting on financial statements, ISA 800 Special considerations - Audits offinancial statements prepared in accordance with special purpose frameworks, ISA 600 Specialconsiderations - Audits of group financial statements (including the work of component auditors),ISRS 4400 Engagements to perform agreed-upon procedures regarding financial information andISRE 2400 Engagements to Review Historical Financial Statements and highlighting of relevantinformation to users.

Suggested Citation

  • Attila Tamas Szora, 2014. "Comparative Analysis Of Audit Report Types On Theconsolidated Financial Statements," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(16), pages 1-31.
  • Handle: RePEc:alu:journl:v:2:y:2014:i:16:p:31

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    consolidated financial statements; audit opinion; ISA 800; ISRS 4400; ISA 700;

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing


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