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 SAS No. 134 and related SASs that have revise the auditor reports for fiscal years ending on or after December 15, 2021. The example opinions below have incorporated the revisions. Early implementation is allowed, so auditor may use the revised reports for audit engagements with fiscal years ending before December 15, 2022.

Pre-SAS No. 134 reports have been removed. If an auditor would like a sample of an Auditor’s Opinion Report that was in effect for fiscal years ending prior to December 15, 2021, contact our office at SLGFD@nctreasurer.com or 919-814-4300.

 

Tab/Accordion Items

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 Certain General Infrastructure Assets
Example 5 Unmodified Opinion on Basic Financial Statements when One Fund or Component Unit Representing Less than All of a Fund Type that 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

 

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​

 

Example 1 Yellow Book Report (2018 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

 

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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