Auditing 1 The general manager of a small company recently said: ‘We need to have an external auditor for our financial statements so we can guarantee their accuracy to our bank.’ Will that be the result if an auditor is appointed?
2 An auditor cannot obtain sufficient evidence as to the valuation of intangible assets. The rest of the financial statements are found to present a true and fair view in accordance with accounting standards. What type of audit report would be issued?