Required information Sections of an Audit Report Read the overview below and complete the activities that follow. The end product of an audit is a report expressing the auditor's opinion on the client's financial statements. A standard report includes an unqualified opinion (for a issuer audit) or an unmodified opinion (for a non-issuer audit) indicating that the audit was adequate in scope and that the financial statements present the financial position, results of operations, and cash flows fairly in all material respects, and in accordance with Generally Accepted Accounting Principles. 1. is (are) responsible for the financial statements. 2. The auditor's report is the of an audit. 3. An unmodified opinion indicates that the financial statements are presented 4. An audit report indicates that the audit evidence we have obtained is to provide a basis for the opinion.