second section of a typical report on an audit

title of this section

Basis for Opinion

Opening sentence (First paragraph, first sentence)

These financial statements are the responsibility of the Company’s management.

Body Sentence (first paragraph, second sentence)

Our responsibility is to express an opinion on the Company’s financial statements based on our audits.

Closing sentence (First paragraph, third sentence)

We are a public accounting firm registered with the PCAOB and are required to be independent with respect t to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

Opening sentence (second paragraph, first sentence)

We conducted our audits in accordance with the standards of the PCAOB.

First Body Sentence (second paragraph, second sentence)

Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Second Body Sentence (second paragraph, third sentence)

Our audits include performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks.

Third Body Sentence (Second paragraph, forth sentence)

Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

Fourth body sentence (second paragraph, fifth sentence)

Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall peresentation of the financial statements.

Closing sentence (Second paragraph, sixth sentence)

We believe that our audits provide a reasonable basis for our. Opinion.