1.Clear Report

-True and fair

-all as follow (compliance)

-Notes of Account

2. Qualified Report

-all as not followed

-Method of Deprecation  

3. Adverse Report

-Wrong entry for assets

4. Disqualified report

-if client is not co-operative

 

 

*Audit--Audit opinion--Audit Evidence- Audit Procedure-Substantive/Compliance

*Verification, on assets and Liability purchase, sale, salary, rent and Vouching

*Vouching, on trading/ PL/ Income and Expenditure