AUDITOR'S REPORT TO ..... We conducted our audit in accordance with International Standards on Auditing (or refer to relevant national standards or practices). Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statement. An audit also includes assessing the accounting principles used and signifieant estimates made by management as well as evaluating the overall statement presentation. We believe that our audit provides a reasonable basis for our opinion. We have audited the accompanying statement of ABC Company's cash receipts and disbursements for the year ended December 31,191.3 This statement is the responsibility of ABC Company's management. Our responsibility is to express an opinion on the accompanying statement based on our andit. The Company's policy is to prepare the accompanying statement on the cash receipts and disbursements basis. On this basis revenue is recognized when received rather than when earned, and expenses are recognized when paid rather than when incurred. In our opinion, the accompanying statement gives a true and fair view of (or presents fairly, in all material respects) the revenue collected and expenses paid by the Company during the year ended December 31 . 19XI in accordance with the cash receipts and disburements basis as described in Note X. AUDITOR Date With reference to the International Standard on Auditing identify which sample Audit Report is recommended. Identify the components of the most appropriate Audit Report. 25mks