……Accountant Office
AUDITOR’S REPORT ……** (20…) Audit No.…… To ……Co., Ltd:
We have audited the accompanying consolidated balance sheet of ……Co., Ltd, (Hereinafter referred to as the “Company ”) as of 31st December 20…, and the related consolidated income statement, consolidated cash flow statement, consolidated statement of changes in equity, consolidated statement of changes in state-owned assets, consolidated statement of provision for impairment of assets for the 20… then ended, and a summary of significant accounting policies and other explanatory notes.
1. Management ’s Responsibility for the Financial Statements
The management is responsible for the preparation and fair presentation of these financial statements. This responsibility includes: (a) preparing and presenting fairly these financial statements in accordance with the Accounting Standards for Business Enterprises and China Accounting System for Business Enterprises ; and (b) designing, implementing and maintaining internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
2. Auditor’s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing for Certified Public Accountants. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as wel as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
3. Opinion
In our opinion, the financial statements give a true and fair view of the conslolidated financial position of the Company as of December 31st, 20…, and of its conslolidated financial performance and conslolidated cash flows for the 20… year then ended in accordance with the Accounting Standards for Business Enterprises and China Accounting System for Business Enterprises.
China ……Accountant Office
……China
Certified public accountant registered in P.R.C
……Accountant Office
AUDITOR’S REPORT ……** (20…) Audit No.…… To ……Co., Ltd:
We have audited the accompanying consolidated balance sheet of ……Co., Ltd, (Hereinafter referred to as the “Company ”) as of 31st December 20…, and the related consolidated income statement, consolidated cash flow statement, consolidated statement of changes in equity, consolidated statement of changes in state-owned assets, consolidated statement of provision for impairment of assets for the 20… then ended, and a summary of significant accounting policies and other explanatory notes.
1. Management ’s Responsibility for the Financial Statements
The management is responsible for the preparation and fair presentation of these financial statements. This responsibility includes: (a) preparing and presenting fairly these financial statements in accordance with the Accounting Standards for Business Enterprises and China Accounting System for Business Enterprises ; and (b) designing, implementing and maintaining internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
2. Auditor’s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing for Certified Public Accountants. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as wel as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
3. Opinion
In our opinion, the financial statements give a true and fair view of the conslolidated financial position of the Company as of December 31st, 20…, and of its conslolidated financial performance and conslolidated cash flows for the 20… year then ended in accordance with the Accounting Standards for Business Enterprises and China Accounting System for Business Enterprises.
China ……Accountant Office
……China
Certified public accountant registered in P.R.C