Following 5 condition is required to issue an unqualified report
–
Completeness of financial statement- financial statement should
include income statement, balance sheet, statement of retained
earnings, Cash flow statement.
Compliance with GAAS – Three GASS should be followed
Audit evidence : Auditor should be able to get sufficient
appropriate audit evidence to conclude that all three standard has
been followed
Presentation as per GAAP –presentation of Financial statement
should be as per GAAP
No changes required – there is no reason to believe that
financial statement require any modification or additional
details