IDEAS home Printed from
   My bibliography  Save this article

Description Of The Different Mistakes Made By The Auditors When They Draft Audit Reports. A Study Applied To The Galician Companies


  • Mareque Álvarez-Santullano, Mercedes
  • López Corrales, Francisco Javier


The audit report of annual accounts must follow the specific format and terminology contained in the Technical Standards on Auditing to fulfill its purpose, which involves the expression of professional opinion on the content of annual accounts by the auditor. This work analyzes the errors contained in the audit reports of a representative sample of Galician companies, from 2004 to 2007. The observation has allowed us to conclude that the reports do not contain an unqualified opinion are those with more errors. These errors are mainly in the comparability paragraph, in the qualified paragraphs and in the opinion paragraph of the report. In addition, we found that the auditors are individual practitioners who make more errors, an issue that we believe of interest to users of the reports to the Institute of Accounting and Auditing (ICAC), principal in charge of quality control.

Suggested Citation

  • Mareque Álvarez-Santullano, Mercedes & López Corrales, Francisco Javier, 2012. "Description Of The Different Mistakes Made By The Auditors When They Draft Audit Reports. A Study Applied To The Galician Companies," Revista Galega de Economía, University of Santiago de Compostela. Faculty of Economics and Business., vol. 21(2).
  • Handle: RePEc:sdo:regaec:v:21:y:2012:i:2_7

    Download full text from publisher

    File URL:
    Download Restriction: no


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sdo:regaec:v:21:y:2012:i:2_7. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ana Iglesias Casal). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.