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Draft the audit report that Hussein and Ahmed have

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Reference no: EM132574011

Question - On March 12, 2018, Hussein & Ahmed, CPAs, completed the audit of the financial statements of SABA, Inc., for the year ended December 31, 2017. SABA is a privately held company.

During the audit of SABA, Inc., the controller, Abdullah, refuses to allow Hussein & Ahmed to confirm accounts receivable because he is concerned about complaints from her customers. However, Hussein & Ahmed are able to satisfy themselves about accounts receivable by other audit procedures and they do not have any concern about Abdullah's true motives since they verified the information from different sources.

Hussein & Ahmed believes that SABA's financial statements are prepared in accordance with IFRS standards.

Hussein & Ahmed has gathered sufficient competent evidence to be satisfied that the financial statements are fairly presented according to IFRS. Hussein & Ahmed audited SABA's 2017 financial statements and issued an unqualified audit report with explanatory paragraph.

Required - Draft the audit report that Hussein & Ahmed have to issue to SABA, Inc?

Reference no: EM132574011

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