What is statutory audit report?

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Do you know what a statutory audit report that auditors issue is? What does it say and what does that effectively mean for a company and the shareholders?

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score 0 · Answer 1 · 2012-12-02T19:21:08+00:00

A statutory audit report is the opinion that an auditor issues after having
examined/tested the financial statements for material errors.

You can find example templates of these reports but bear in mind that the exact report depends on the accounting framework(GAAP or IFRS etc) used and the company that issues the report as well as the country due to different laws etc.