4. UNMODIFIED AUDITORS REPORT Fill in the blank (25 points)

Independent Auditors Report

[Appropriate Addresee]

Report on the Financial Statements

We have audited the accompanying financial statements of ABC Company, which comprise the balance sheet as of December 31, 20X1, and the related statements of income, changes in stockholders equity, and cash flows for the year then ended, and the related notes to the financial statements.

Managements Responsibility for the Financial Statements

__________________ is _________________ for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the ________________, ________________, and ________________ of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement whether due to fraud or error.

Auditors Responsibility

Our __________________ is to __________________ an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we _________________ and perform the audit to obtain ___________________ ____________________ about whether the financial statements are free from material misstatement.

An audit involves ___________________ procedures to ________________ audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors judgment, including the assessment of the __________ of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers ____________ ______________ relevant to the entitys __________________. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the _________________ of significant ________________ estimates made by _________________, as well as _________________ the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is __________________ and __________________ to provide a basis for our audit opinion.

Opinion

In our opinion, the financial statements referred to above present fairly, __________________________, the financial position of ABC Company as of December 31, 20X1, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Report on Other Legal and Regulatory Requirements

[Form and content of this section of the auditors report will vary depending on the nature of the auditors other reporting responsibilities.]

[Auditors signature]

[Auditors city and state]

[Date of the auditors report]