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PHILIPPINE STANDARD ON AUDITING 700 …

PHILIPPINE STANDARD ON AUDITING 700 (REVISED) FORMING AN OPINION AND REPORTING ON FINANCIAL STATEMENTS (Effective for audits of financial statements for periods ending on or after December 15, 2016) CONTENTS _____ Paragraph Introduction Scope of this PSA .. 1-4 Effective Date .. 5 Objectives .. 6 Definitions .. 7 9 Requirements Forming an Opinion on the Financial Statements .. 10-15 Form of Opinion .. 16-19 Auditor s Report .. 20-51 Supplementary Information Presented with the Financial Statements .. 52-53 Application and Other Explanatory Material Qualitative Aspects of the Entity s Accounting Practices .. A1-A3 Disclosure of the Effect of Material Transactions and Events on the Information Conveyed in the Financial Statements.

PHILIPPINE STANDARD ON AUDITING 700 (REVISED) FORMING AN OPINION AND REPORTING ON FINANCIAL. STATEMENTS (Effective for audits of financial statements for periods ending on or after December 15, 2016)

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