COMPARATIVE ANALYSIS OF AUDIT REPORT TYPES ON THE
CONSOLIDATED FINANCIAL STATEMENTS

Attila Tamas Szora, University „1 Decembrie 1918“ Alba Iulia , Romania

ABSTRACT: Audits carried out in accordance with International Standards on Auditing or
International Standards on Review Engagements and procedures undertaken by the independent
auditor made under the International Standard on Related Services are two totally different
commitments in terms of the independent auditor to express an audit opinion on a report. What
happens when on these types of commitment a comparative analysis is performed to highlight the
strengths and weaknesses of each, and not least the need to inform the beneficiaries meeting report
issued by the independent auditor.
The empirical study presented aims to present, the context of an atypical commitment, a solution
of the type of mission which may be subject to a commitment by the auditor, studying comparatively
the relevant standards applicable or audit missions as appropriate, based on ISA 700 Formulating
an opinion and reporting on financial statements, ISA 800 Special considerations - Audits of
financial statements prepared in accordance with special purpose frameworks, ISA 600 Special
considerations - Audits of group financial statements (including the work of component auditors),
ISRS 4400 Engagements to perform agreed-upon procedures regarding financial information and
ISRE 2400 Engagements to Review Historical Financial Statements and highlighting of relevant
information to users.

Key words: consolidated financial statements, audit opinion, ISA 800, ISRS 4400, ISA 700

JEL Codes: M40, M41, M42,