endurskoðandaskýrslan

An endurskoðandaskýrslan, often translated as an auditor's report, is a formal opinion issued by an independent auditor on the financial statements of an entity. This report is a crucial document for stakeholders, including investors, creditors, and regulatory bodies, as it provides assurance about the fairness and accuracy of the financial information presented.

The primary purpose of an endurskoðandaskýrslan is to enhance the credibility of financial statements. Auditors examine the financial records and internal controls of a company to determine whether the statements comply with generally accepted accounting principles (GAAP) or relevant accounting standards. Their work involves gathering sufficient appropriate audit evidence to support their conclusion.

The content of the endurskoðandaskýrslan typically includes an introduction stating the purpose of the audit and identifying the financial statements audited. It then describes the auditor's responsibilities and the basis for the opinion. The core of the report is the auditor's opinion itself, which can be unqualified (clean), qualified, adverse, or a disclaimer of opinion. An unqualified opinion signifies that the financial statements are presented fairly in all material respects. Other types of opinions indicate specific issues or limitations encountered during the audit.

The issuance of an endurskoðandaskýrslan is a mandatory requirement for many companies, particularly public entities, and is a key component of corporate governance and financial transparency.