Briefly describe the relationship between financial statements and audit reports?

Simply put, the financial report is a summary of the financial situation of a unit, and the audit report is an evaluation of the fairness, rationality and legitimacy of the financial report.

Financial reports are generally prepared and issued by the company's financial department, and audit reports are generally issued by government audit institutions or certified public accountants!

According to the final balance analysis and calculation of detailed subjects.

The "ending balance" of some items in the balance sheet needs to be calculated and filled in according to the ending balance of relevant detailed accounts.

1. "Accounts receivable" shall be filled in according to the total ending debit balance of the detailed accounts of "Accounts receivable" and "accounts received in advance", after deducting the ending balance of the account of "bad debt provision".

2. "Prepayment" shall be filled in according to the total debit balance at the end of the detailed account of "Prepayment" and "Accounts Payable", after deducting the final balance of "bad debt provision".