Formation of the auditor’s opin ion and its opinion under ISA 700

Abstract

The globalization of markets demands quality information validated by external auditors, this need has encouraged the standardization of auditing standards to the global level. The auditor will only issue an opinion on financial statements that he or she examines or supervises based on applicable auditing standards. The purpose of an audit should be to increase the degree of user confidence in the financial statements and the auditor’s objective with respect to the audit should be to form an opinion on those financial statements and to express it clearly and in writing. In this sense, the public accountant to audit must have mental independence that allows him to express a free opinion bias or influence of third parties and must ensure that the audit performed to a set of financial statements provides him through the audit evidence elements of Necessary and sufficient to support their opinion; Issued on the basis of ISA 700.