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    Audit Opinion WORD 2020

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    cobtechnicalservicesltd
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    Audit Opinion WORD 2020

    Uploaded by

    cobtechnicalservicesltd
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    opinion

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    © © All Rights Reserved

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    opinion

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    2 views2 pages

    Audit Opinion WORD 2020

    Uploaded by

    cobtechnicalservicesltd
    opinion

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Auditor's Responsibilities for the Audit of the Financial Statements

    Our objectives are to obtain reasonable assurance about whether the financial statements as a
    whole are free from material misstatement, whether due to fraud or error and to issue an auditor's
    report that includes our opinion. Reasonable assurance is a high level of assurance but is not a
    guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement
    when it exists. Misstatements can arise from fraud or error and are considered material if, individually
    or in the aggregate they could reasonably be expected to influence the economic decisions of users
    taken on the basis of these financial statements.
    .
    As part of an audit ,in accordance with ISAs we experience professional judgment and maintain
    professional skepticism throughout the audit. We also;

    Identify and assess the risks of material misstatement of the financial statements whether due to
    fraud or error, design and perform audit procedures responsive to those risks and obtain audit
    evidence that is sufficient and appropriate to provide a basis for our opinion.
    The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting
    from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the
    override of internal control.

    Obtain an understanding of internal controls relevant to the audit in order design audit procedures
    that are appropriate in the circumstances but not for the purpose of expressing an opinion on the
    effectiveness of the company’s internal control.

    Evaluate the appropriateness of accounting policies used, the reasonableness of accounting


    estimates and related disclosures made by management.

    Conclude on the appropriateness of management's use of the going concern basis of accounting and
    based on the audit evidence obtained, whether a material uncertainty exists related to events or
    conditions that may cast significant doubt on the company's ability to continue as a going concern. If we
    conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to
    the related disclosures in the financial statements or if such disclosures are inadequate to modify our
    opinion, our conclusions are based on the audit evidence obtained up to the date of our auditor's
    report. However, future events or conditions may cause the company to cease or to continue as a
    going concern.

    Evaluate the overall presentation , structure and content of the financial statements, including the
    disclosures and whether the financial statements represent the underlying transactions and events in
    a manner that achieves fair presentation.

    We communicate with those charged with governance regarding among other matters the planned
    scope and timing of the audit and significant audit findings including any significant deficiencies in
    internal control that we identify during our audit.

    REPORT ON OTHER LEGAL REQUIREMENTS

    The terms of the agreements require that in carrying out our audit, we consider and report to you on
    the following matters. We confirm that;

    We have obtained all the information and explanations which to the best of our knowledge and belief
    was necessary for the purposes of our audit.

    In our opinion proper books of account have been kept by Company, as far as it appears from our
    examination of books; and

    The company's statement of financial performance prepared is in agreement with the books of account
    as per the company’s Act 2012

    BWK & Associates.


    Certified Public Accountant

    KAMPALA

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