审计报告附注英语模板

审计报告附注英语模板
Introduction
In order to meet the needs of international communication and ensure the accuracy and completeness of audit reports, it is necessary to include an audit report footnote section in English when issuing audit reports. This document provides a template for audit report footnotes in English to guide audit professionals in preparing and issuing audit reports.
Guidelines for Audit Report Footnotes
1.The audit report footnote section should be organized in the same
order as the financial statements and related notes.
2.Each footnote should have a clear heading to identify the subject
matter.
3.The format of the audit report footnote should be standardized with
numbered references corresponding to an explanation.
4.The use of abbreviations and jargon should be minimized.
5.The audit report footnote should be drafted in clear, concise, and
grammatically correct English.
Template for Audit Report Footnotes
Note 1 – Accounting Policies
The financial statements are prepared in accordance with generally accepted accounting principles. Significant accounting policies adopted by the company in preparing these financial statements are as follows:
Note 2 – Investments
The company has made investments in a subsidiary and an associate. These investments are accounted for using the equity method.
Note 3 – Inventories
Inventories are stated at the lower of cost and net realizable value. Cost is determined using the weighted average method.
Note 4 – Property, Plant, and Equipment
Property, plant, and equipment are stated at cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets.
Note 5 – Contingencies
The company is involved in various lawsuits, claims, and assessments arising in the ordinary course of business. Management believes that the ultimate resolution of these matters will not have a material adverse effect on the financial position or results of operations of the company.
Conclusion
The audit report footnote section is an important aspect of an audit report and provides additional information to the users of financial statements. The template provided in this document may serve as a guide for preparing audit report footnotes in English and may be adapted to fit specific circumstances of individual audit engagements. It is important to remember that the audit report footnote should be drafted in clear, concise, and grammatically correct English to ensure accurate and effective communication.。