endurskoðunarskýrsla

An endurskoðunarskýrsla, or audit report, is a formal document issued by an independent auditor following the examination of a company's financial statements. This report provides an opinion on whether the financial statements present a true and fair view of the company's financial position, performance, and cash flows in accordance with relevant accounting standards. The primary purpose of an audit report is to enhance the credibility of financial information for stakeholders, such as investors, creditors, and regulatory bodies.

The content of an endurskoðunarskýrsla typically includes several key sections. It begins with an introduction that identifies the financial statements audited and the period they cover. The auditor's opinion forms the core of the report, stating whether the financial statements are free from material misstatement. This opinion can be unqualified (clean), qualified, adverse, or a disclaimer of opinion, depending on the findings. Following the opinion, the report details the basis for the opinion, outlining the auditing standards followed and the auditor's responsibilities. It may also include sections on key audit matters, which are the most significant matters arising from the audit, and other information, such as management's responsibilities for the financial statements. The report concludes with the auditor's signature, date, and location.