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UPDATE OF CONTRIBUTIONS - Coggle Diagram

- - - - Opinion Date
        The date of the report must be the same on which the auditor concludes his audit work, that is, when he leaves the entity's offices, once the evidence of the information he is issuing has been obtained.
        
        But there are events or transactions that need to be disclosed in the financial statements that occur after the completion date of the audit.
        Said events or transactions can happen:
        From the date of the opinion to the date it is delivered to the entity.
        From the date of the report to the date that, due to various purposes, the auditor is requested to re-issue his opinion.
        
        When the auditor is aware of events that occur after his work has been completed, but before he delivers his opinion and that have an effect on it, either of the two alternatives described below can be followed:
        Use two or more dates, leaving the original completion of the audit and immediately mentioning the new date referring exclusively to the subsequent event, revealing in a note to the financial statements.
        In this case, the auditor is solely responsible for the events that occurred up to the date of completion of the audit, except for the subsequent event.
- - - - The auditor may express his opinion in an opinion: Without Qualifications.- When as a result of the examination carried out, the auditor can express his opinion without qualifications, the opinion must be presented as follows:
        I have examined the financial statements of the financial position of Compañía x, SA, as of December 31, 19 and 19, and the statements of income, variations in stockholders' equity and changes in financial position, which are relative, for the years ending on those dates .... As shown in the example in Module-Page 24.
        
        Negative Opinion. - The auditor should express a negative or adverse opinion when, as a result of his examination, he concludes that the financial statements are not in accordance with the accounting principles and the deviations are to such a significant extent that the expression a qualified opinion would not be adequate.
        
        Opinion with Abstention of Opinion. - The auditor must abstain from expressing an opinion when the scope of its examination has been limited in such a way that the issuance of a qualified opinion is not appropriate. In this case, you must indicate all the reasons that gave rise to said abstention.
- - - - In this sense, we point out that if the tax audit report has the character of private information, and, therefore, not of relevance to third parties, both documents - audit report and letter of recommendations - could sometimes be merged into one, giving rise to what we could call a long report on the fiscal situation of the entity and on how the financial statements collect it.