The reporting principle requires auditors to express their opinion through the issuance of a written report.

Required:
a. What is the purpose of the auditors’ opinion and report?
b. What are the major paragraph(s) in the auditor’s report on the examination of a public entity? What are the major contents of each of these paragraphs?
c. What are the four types of opinions that auditors can issue?
d. How does the concept of materiality influence the auditors’ report?