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
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