What does an audit report look like

What does an audit report look like -Most of the audit report on the financial statements of business clean bill of health, a clean opinion. At the other end of the spectrum, the auditor may state the financial statements are misleading and should not be relied upon. This negative audit report is called the negative comments. 

This is the auditor for a big stick. They have the power to give the views of the company's financial statements, there is no hope for bad business. The threat of negative public opinion is almost always encourage businesses to make way for auditors and to change its accounting or disclosure, to receive the kiss of death to avoid negative comments. 

Adverse audit opinion that the financial statements of the Company misleading. U.S. Securities and Exchange Commission will not tolerate poor public opinion of the audit business, it will suspend trading of stock shares, if the company received a negative opinion from the CPA auditors.

A modified auditor's report is very serious - when the accounting firm said that it has a lot of doubts going concern ability of the business concern. Continuous operation is a business, there is sufficient financial wherewithal and momentum to continue their normal operations for the foreseeable future, it can absorb the incident worse, without having to meet its obligations.

Not going to face an imminent financial crisis or any pressing financial emergency. A company can according to some financial difficulties, it is still an ongoing concern to judge. Unless there is contrary evidence, CPA auditor assumes that the enterprise is an ongoing concern. 

If the auditor has serious concerns whether a company stay in business, these questions will be contained in the auditor's report.