Auditor's Report Model
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ScribdTranslationsAuditor's Report Model
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ScribdTranslationsAuditor's report model in accordance with International Standards
Audit (IAASB) 'Comparative Financial Statements'
Report of the Independent Auditors
To the Board of Directors and to the Shareholders
Company X, S.A. de C.V.
I have audited the attached financial statements of Company X, S.A. this is in understanding
the financial statements as of December 31, 2018 and 2017, and the statements of
results, changes in equity and cash flows corresponding to the fiscal years
ended December 31, 2018 and 2017, as well as a summary of accounting policies
significant and other explanatory information.
Responsibility of Management in relation to the financial statements
The management is responsible for the preparation and fair presentation of the financial statements
attached financial statements in accordance with Mexican Financial Reporting Standards (or
Applicable Regulatory Framework, and the internal control that the Administration deems appropriate
necessary to allow the preparation of financial statements free of material misstatement,
due to fraud or error.
Auditor's responsibility
Our responsibility is to express an opinion on the attached financial statements.
based on my (our) audits. I (we) have carried out my (our) audits of
compliance with International Auditing Standards. These standards require that it complies
the ethical requirements, as well as to plan and execute the audit
in order to obtain reasonable assurance about whether the financial statements are free from
material deviation.
An audit involves the application of procedures to obtain audit evidence.
about the amounts and the information disclosed in the financial statements. The procedures
selected depend on the auditor's judgment, including the assessment of risks of
material misstatement in the financial statements due to fraud or error. When making such
risk assessments, the auditor takes into account the relevant internal control for the
reasonable preparation and presentation by the Company of the financial statements, with
the purpose of designing audit procedures that are appropriate based on the
circumstances, and not with the intention of expressing an opinion on the effectiveness of internal control
of the Company. An audit also includes the assessment of the adequacy of the policies
applied accounting and the reasonableness of the accounting estimates made by the
Tabachines Forest 44 T52 67 64 00
Fraction Bosques de las Lomas F55 96 69 50
11700, Mexico, D.F. www.imcp.org.mx
administration, as well as the evaluation of the presentation of the financial statements in its
set.
I (we) consider that the audit evidence I (we) have obtained in my (our)
Audits provide a sufficient and adequate basis for my (our) audit opinion.
Opinion
In our opinion, the financial statements present fairly, in all respects
material aspects, the financial situation of Company X, S.A. de C.V. as of December 31
from 2012 and 2011, as well as their results(1) and their corresponding cash flows
exercises completed on those dates, in accordance with the Information Standards
Financial.
Other issues
Previously and on date xxxxxx, I (we) issued my (our) audit report on the states
financial statements as of December 31, 2017, and for the year ended on that date in accordance with
Generally Accepted Auditing Standards in Ecuador. According to the provisions set by the
Institute of Public Accountants, the International Auditing Standards are applicable
mandatory in Ecuador for financial statement audits started on January 1, 2018,
consequently the audit report on the comparative figures of the states
financial statements of 2018 and 2017 are issued based on the International Auditing Standards.
(Name of the Firm to which the auditor belongs)
(Name and signature of the auditor)
(Audit report date)
(City and country where the auditor is located)
The meaning of results refers to the financial performance of the Entity, for
What is included in the income statement and the statement of changes in equity.
Tabachines Forest 44 T52 67 64 00
Bosques de las Lomas Fraction F55 96 69 50
11700, Mexico, D.F. www.imcp.org.mx
