Audit Opinion Resources
These samples are written to cover as many conditions and situations as possible. The actual opinion letter should be modified based on the actual funds audited and the various statements and schedules presented.
Sample Financial Opinions - Basic Financial Statements
Financial Statements Opinions with Reference to Single Audits
Compliance Reporting
Internal Control Communications (GAAS Audits)
Sample Financial Opinions - Basic Financial Statements
| Example 1 | Unmodified Opinion on Basic Financial Statements Accompanied by Required Supplementary Information, Supplementary Information, and Other Information |
| Example 2 | Unmodified Opinion on Basic Financial Statements Performed Under Governmental Auditing Standards Accompanied by Required Supplementary Information, Supplementary Information, and Other Information |
| Example 3 | Unmodified Opinion on Basic Financial Statements Accompanied by Required Supplementary Information, Supplementary Information, and Other Information - Single Audit Published Under Same Cover |
| Example 4 | Adverse Opinion on Basic Financial Statements that Omit a Major Fund or a Nonmajor Fund from a Fund Type |
| Example 5 | Unmodified Opinion on Basic Financial Statements when One Fund or Component Unit Representing Less than All of a Fund Type has been Audited by Other Auditors |
| Example 6 | Report on Basic Financial Statements that Includes a Qualified Opinion on Major Governmental Funds because of a GAAP Departure |
| Example 7 | Unmodified Opinion on the Basic Financial Statements of a Special Purpose Government that has a Single Opinion Unit Engaged in Governmental Activities Only |
| Example 8 | Unmodified Opinion on the Basic Financial Statements of a Special Purpose Government that has a Single Opinion Unit Engaged in Business-Type Activities Only |
| Example 9 | Report on Basic Financial Statements that Include Multiple Opinion Modifications, Including an Adverse Opinion because a Major Fund is Omitted |
Financial Statements Opinions with Reference to Single Audits
| Example 1 | Independent Auditors Report from City of Dogwood with a Single Audit Performed |
| Example 2 | Independent Auditors Report from Carolina County with a Single Audit Performed |
| Example 3 | Independent Auditors Report from Carolina County Board of Education with a Single Audit Performed |
Compliance Reporting
| Example 1 | Yellow Book Report (2011 Revisions) |
| Example 2 | Report on Compliance and Internal Control for Major Federal Programs |
| Example 3 | Report on Compliance and Internal Control for Major State Programs |