NBC received an adverse audit opinion
from the Auditor General during that financial year, meaning that the Corporation financial statements were misrepresented, misstated, and did not reflect its financial performance at position.
According to the IDC, the auditor did not apply appropriate audit procedures to warrant the expression of his audit opinion
. Along with accepting audit appoints with a small fee, the auditor also signed the audited financial statements without ensuring the signature of the company's management.
"In the circumstances, the validity of the expenditure of Sh691,526,310 incurred on catering services by the county offices could not be ascertained," said Mr Ouko said in a qualified audit opinion
on IEBC accounts.
He says that while there is a "lot of uncertainty," the fact that the company's auditor was given time to review the findings of the internal investigation ahead of signing off on the annual report and accompany it with a "clean" audit opinion
, increases his confidence in a favorable resolution.
Further, our lack of an unmodified audit opinion
has hampered the achievement of an unmodified U.S.
First, half of the participants received a descriptive internal audit report similar to the model report provided by Archambeault, DeZoort, and Holt, while the other half received an internal audit report that also included a clean audit opinion
from internal audit on the effectiveness of internal controls over the revenue cycle.
Once again, the city passed its FY 2017-18 financial audit with flying colors, receiving an "unmodified opinion" on its financial statements, the best audit opinion
an entity can receive.
In a report issued to CWAC's audit and governance committee, auditor Grant Thornton said it anticipates issuing the council an 'unqualified audit opinion
' for 2017-18 once it has completed its work.
The state auditor rendered an unqualified audit opinion
on the fairness of presentation of the NEA's financial statements for the calendar year 2017, according to the latest COA Independent Auditor's Report (IAR).
Mayor Abigail Binay said an "unqualified audit opinion
" is the best opinion an auditor can issue.
Binay said that an unqualified audit opinion
is the best opinion an auditor can issue.
A significant result is reflected in the achievement of an unqualified audit opinion
from BPK in 2016.