What's Audit Opinion In Financial Reports In Companies? Here's An Explanation And Stage

Illustration of audit report (Doc. Antara)

YOGYAKARTA Not many people know what the opinion of the audit of financial reports in a company is.

Even though this activity is important to do as one of the supports for the implementation of business properly.

Audit opinion has an important role in business because it relates to the accuracy of financial reports. For more details, VOI has compiled it for you.

Audit opinion is a series in audit activities. The definition of self- audit in the Big Indonesian Dictionary (KBBI) has several meanings. The first understanding of audit is the periodic examination of financial records (companies, banks, and so on), while the second understanding is the effectiveness of testing the entry and exit of money and the reasonable assessment of the report it produces.

In its implementation, an auditor will conduct a systematic evaluation or examination of data related to financial reports. This is done to find out whether or not there is misappropriation or other unlawful activities in financial reports.

The audit process carried out by impartial and objective auditors will produce new reports. This report is simply referred to as an audit opinion.

It can thus be said that audit opinion is a statement issued by the auditor responding to the reasonable financial statements of the entity that was audited earlier. The auditor's opinion is usually presented in the form of a standard audit report.

There are five types of opinions given by an auditor after he has finished conducting audits on financial reports, namely Unqualified Opinion or an unqualified opinion, Unqualified Opinion With Explosure or an unqualified opinion with an explanatory language, Qualified Opinion or a reasonable opinion with the exception, Adverse Opinion or unnatural opinion, and Disclaimer Opinion or not giving an opinion.

There are several stages that auditors or people who carry out the audit process are as follows from various sources.

Auditors must prepare the object of the report to be audited as thoroughly as possible which includes profit and loss reports, bank reports, receipts, and even financial report ledgers.

Dalam proses audit juga harus ada dokumen pendukung seperti bukti transaksi, bukti penjualan, dan sebagainya.

Usually the auditor will hold an open meeting with the company ranks. In this meeting, the auditor will confirm some information as a prefix and equalization of perceptions.

After the report, supporting documents and information are complete, the auditor can start the audit stage. Auditors can work alone or be accompanied by the company.

The auditor will provide a final report or audit opinion regarding the financial statements that have been audited. In the presentation, the auditor will provide a standard audit report.

Sri Wiranti Setiyanti in Auditor Opinion Types (Opini Auditor) explained that the standard audit report consists of three paragraphs and each paragraph has different elements.

In the introductory paragraph of the paragraph, there are three facts revealed, namely the type of auditor service, the object being audited and disclosing the management's responsibility for the financial statements made and the responsibility of the auditor for the opinion given to the financial report based on audit results.

Meanwhile, the paragraph of the scope consists of a concise statement about the scope of the audit conducted by the auditor. Then in the paragraph the opinion contains a concise statement of the auditor's opinion on the reasonableness of the auditor's financial report that has been audited. This statement includes many things but specifically concerns the suitability of the preparation of financial reports with the principle of accounting for general acceptance.

That's information related to what audit opinion is. To get reliable news, visit VOI.ID.