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.

The Auditing Standards Board of the AICPA has issued SASs No. 134 and related SASs that will revise the auditor reports for fiscal years ending on or after December 15, 2021. Examples noted as Pre-SAS No. 134. All reports noted as Pre-SAS No. 134 are not to be used for audits beginning with and after fiscal years ending December 31, 2021. Reports subject to SAS No. 134 and related SASs will be posted in the near future.

Sample Financial Opinions - Basic Financial Statements

Example 1 (Pre-SAS 134)	Unmodified Opinion on Basic Financial Statements Accompanied by Required Supplementary Information, Supplementary Information, and Other Information
Example 2 (Pre-SAS 134)	Unmodified Opinion on Basic Financial Statements Performed Under Governmental Auditing Standards Accompanied by Required Supplementary Information, Supplementary Information, and Other Information
Example 3 (Pre-SAS 134)	Unmodified Opinion on Basic Financial Statements Accompanied by Required Supplementary Information, Supplementary Information, and Other Information - Single Audit Published Under Same Cover
Example 4 (Pre-SAS 134)	Adverse Opinion on Basic Financial Statements that Omit a Major Fund or a Nonmajor Fund from a Fund Type
Example 5 (Pre-SAS 134)	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 (Pre-SAS 134)	Report on Basic Financial Statements that Includes a Qualified Opinion on Major Governmental Funds because of a GAAP Departure
Example 7 (Pre-SAS 134)	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 (Pre-SAS 134)	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 (Pre-SAS 134)	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 (Pre-SAS 134)	Independent Auditors Report from City of Dogwood with a Single Audit Performed
Example 2 (Pre-SAS 134)	Independent Auditors Report from Carolina County with a Single Audit Performed
Example 3 (Pre-SAS 134)	Independent Auditors Report from Carolina County Board of Education with a Single Audit Performed

Compliance Reporting

Example 1 (Pre-SAS 134)	Yellow Book Report (2011 Revisions)
Example 2 (Pre-SAS 134)	Report on Compliance and Internal Control for Major Federal Programs
Example 3 (Pre-SAS 134)	Report on Compliance and Internal Control for Major State Programs

Internal Control Communications (GAAS Audits)

Example 1	Sample AU-C 265 Report with Significant Deficiency
Example 2	Sample AU-C 265 Report with No Material Weakness
Example 3	Sample AU-C 265 Report with Significant Deficiencies and Material Weakness
Example 4	Sample AU-C 265 Deficiencies

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