After the audit, the firm shall issue an audit report. Reports are divided into two categories: one is standard unqualified audit report; The other is non-standard opinion audit report (referred to as non-standard opinion). The former shows that accountants think the quality of financial statements is qualified.
Non-standard opinion audit report refers to the accountant's opinion that the quality of financial statements is unqualified. There are four types: 1. Unqualified audit report with emphasized matters. 2. Audit reports with reservations. 3. Audit reports with negative opinions. 4. Audit reports that cannot express opinions.
Generally speaking, the first kind of report means that the accountant thinks the report is defective; Second, there are errors in the report; The third and fourth types show that accountants think the problems in statements are very serious.