Question
Refer to the 2016 Reports of Independent Auditors of Unilever N.V. and Unilever PLC. Identify the features in the above audit report that are unique
Refer to the 2016 Reports of Independent Auditors of Unilever N.V. and Unilever PLC.
Identify the features in the above audit report that are unique to an MNC.
Auditor's Report
"We have audited the accompanying (the reference can be by page numbers) balance sheet of the ABC Company as of December 31, 20x1, and the related statements on income, and cash flows for the year then ended. These financial statements are the responsibility of the company's management. 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 (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 statemetns are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statements presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statments give a true anf fair view of (or "present fairly" in all material respects) the financial position of the company as of December 31, 20x1, and of the results of its operations and its cash flows for the year then ended in accordance with International Accounting Standards (or [title of financial reporting framework with reference to the country of origin]) (and comply with....)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started