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Anderson and Zinder, P.C., Cpas

1) Anderson and Zinder audited General Ring Corporation's balance sheets as of December 31, 2016 and 2015 and related statements of income, changes in stockholders' equity, and cash flows for 2016 and 2015. 2) Management is responsible for preparing the financial statements in accordance with generally accepted accounting principles, while the auditor's responsibility is to express an opinion on the statements based on their audit. 3) In the auditor's opinion, the financial statements present fairly the financial position of General Ring Corporation as of December 31, 2016 and 2015 and the results of its operations and cash flows for 2016 and 2015 in accordance with generally accepted accounting principles.

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705 views3 pages

Anderson and Zinder, P.C., Cpas

1) Anderson and Zinder audited General Ring Corporation's balance sheets as of December 31, 2016 and 2015 and related statements of income, changes in stockholders' equity, and cash flows for 2016 and 2015. 2) Management is responsible for preparing the financial statements in accordance with generally accepted accounting principles, while the auditor's responsibility is to express an opinion on the statements based on their audit. 3) In the auditor's opinion, the financial statements present fairly the financial position of General Ring Corporation as of December 31, 2016 and 2015 and the results of its operations and cash flows for 2016 and 2015 in accordance with generally accepted accounting principles.

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Jack Burton
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  • Introductory Paragraph: Introduces the report with a summary of the audit's scope and the financial statements examined.
  • Auditor's Responsibilities: Describes the auditor's role and the nature of the audit process in obtaining assurance about the financial statements.
  • Management's Responsibilities for the Financial Statements: Outlines the responsibilities of the management concerning the preparation and fair presentation of the financial statements.
  • Independent Auditor's Report: Introduction to the audit report addressed to the Board of Directors and Stockholders, providing an overview and purpose.
  • Report Address: Lists the address and contact details of the auditing firm responsible for the report.
  • Signature: Contains the signature area of the auditing firm, with contact information and date of report issuance.
  • Opinion: Provides the auditor's opinion on the fairness of the financial statements in accordance with the applicable framework.
  • Basis for Opinion: Explains the basis upon which the audit opinion was formed, confirming the standards used and compliance maintained during the audit.

Standard Unmodified Opinion Audit Report on Comparative Statements for a U.S.

Figure 3-1
Nonpublic Company— AICPA Auditing Standards

ANDERSON and ZINDER, P.C.


Certified Public Accountants Park
Plaza East – Suite 100 Denver,
Colorado 80110
303/359-0800

Report Title INDEPENDENT AUDITOR’S REPORT

Audit Report Address To the Board of Directors and Stockholders


General Ring Corporation

Introductory Paragraph We have audited the accompanying balance sheets of General Ring Corporation as of December 31, 2016 and
2015, and the related statements of income, changes in stockholders’ equity, and cash flows for the years then
ended, and the related notes to the financial statements.

Management’s Responsibility Management’s Responsibility for the Financial Statements


Management is responsible for the preparation and fair presentation of the financial statements in accordance
with accounting principles generally accepted in the United States of America; this includes the design,
implementation, and maintenance 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.

Auditor’s Responsibility Auditor’s Responsibility


Our responsibility is to express an opinion on these financial statements based on our audits. We conducted
our audits in accordance with auditing standards generally accepted in the United States of America. Those
standards require that we plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement.
Scope paragraph An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of
the risks of material misstatement of the financial statements, whether due to fraud or error. In making those
risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair
presentation of the financial statements in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal
control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of significant accounting estimates made by management, as
well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinion.

Auditor’s Opinion Opinion


In our opinion, the financial statements referred to above present fairly, in all material respects, the financial
position of General Ring Corporation as of December 31, 2016 and 2015, and the results of their operations
and cash flows for the years then ended in accordance with accounting principles generally accepted in the
United States of America.

Signature and Address Anderson and Zinder, P.C., CPAs


of CPA Firm Denver, Colorado

Audit Report Date (Date February 15, 2017


Auditor Has Obtained
Suicient Appropriate
Evidence

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