The reporting principle requires auditors to express their opinion
through the issuance of a written report.
a. What is the purpose of the auditors’ opinion and report?
b. What are the major paragraph(s) in the auditors’ report on the examination of a public
entity? What are the major contents of each of these paragraphs?
c. What are the four types of opinions that auditors can issue?
d. How does the concept of materiality influence the auditors’ report?