Where applicable —-
* 1 Substitute “income and expenditure account”.
*2 Substitute “Sources and application offunds”.
*3 Where there is no change in the accounting policy (ies) the portion “except for the changes as stated in note (s) with which we concur” may be omitted. .
*4 Substitute “surplus or deficit”.
*5 Substitute “changes in source and application of funds”.
*6 Where no Zakat is deductible, substitute “no Zakat was deductible at source under the Zakat and Ushr Ordinance, 1980”.

Where any of the matter referred to in the Auditors’ Report is answered in the negative or with a qualification, the report shall state the reason for such answers along with the factual position to the best of the auditors information.
In the case of an non-listed company reference to “cash flow statement or ource and application of funds and statement of changes in equity and opinion thereon” may be omitted”.

Posted on November 2, 2015 in Forming An Opinion And Reporting On Financial Statements

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