1. Discuss the differences between the US and UK "opinion" paragraphs of the auditors reports. What practical effects might these differences have? <Tab/>In general the standard form that audit reports take in the US in comparison to that of the UK is very similar. In both countries the audit report seeks to give a second opinion as to the fairness of the financial statements and in both cases will state the …showed first 75 words of 3768 total…

…showed last 75 words of 3768 total…international Accounting , seventh edition 2002 Prentice Hall: Christopher Nobes and Robert Parker. Financial Accounting and reporting seventh edition 2003 Prentice Hall: Barry Elliot and Jamie Elliot Business Accounting 2: eighth edition 1999 Prentice Hall: Frank Wood and Alan Sangster Caterpillar inc General and Financial information 2002 (extract) Caterpillar inc General and Financial information 1987 (extract) Marks and Spencer Financial information 2002 (extract) Lattice Group plc Annual report and Accounts 2001-2002 BTGroup Annual report and Accounts 2002-2003 Multimedia Pricewaterhousecoopers .com inlandrevenue.gov.uk