AUDITOR'S REPORT on We have audited the accompanying financial statements of ABC Company, which comprise the balance sheet as at December 31, 2011, and the income statement, statement of changes in equity and cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory information. Management is responsible for the preparation and fair presentation of these financial statements in accordance with International Financial Reporting Standards, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified audit opinion In our opinion, the financial statements present fairly, in all material respects (or give a true and fair view of the financial position of ABC Company as at December 31, 20x1, and (of) its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards. Instructions: ) ?What is the type of the above report ) ?Identify and explain the Basic elements of the report Address EN 15:42 08/07/2020