Mary June Narbonito Act 4-2

STANDARD AUDITOR'S REPORT

An audit report is an official evaluation of an entity's financial status, combined with the auditor's opinions and collected data on the entity's financial transactions and situation. This is a common process for companies to use when examining their own records and releasing financial information to investors or potential investors. It is considered an essential tool when reporting financial information to users, particularly in business. Since many third-party users prefer, or even require financial information to be certified by an independent external auditor, many auditees rely on auditor reports to certify their information in order to attract investors, obtain loans, and improve public appearance. Some have even stated that financial information without an auditor's report is "essentially worthless" for investing purposes

TYPES OF STANDARDS AUDITOR'S REPORT

A. Unmodified

Opinion

The Unmodified Opinion report is the purest type of auditing report, one which is unmodified by any caveats the accountant writing the report may have, meaning that they have been able to access all needed financial information and that the information has conformed to GAAP (generally accepted accounting procedures). This makes it much easier for the accountant to perform the audit, but there are several qualifications the auditors are required to mention, such as whether other accountants besides the writer worked on the audit or whether there are concerns about the company's financial status.
B. Qualified Opinion

A Qualified Opinion report is given when the auditors were not able to fully satisfy themselves on all aspects of the company's financial status. Specific records may be missing, or some parts of information may not be up to GAAP. In some cases, the auditor may be able to

access data but not fully confirm it. All these problems are documented and make the auditor's evaluation more negative.
C. Adverse Opinion

An Adverse Opinion report is a negative response that occurs only when the auditor finds the company's records as a whole are uninformative and not in line with GAAP, or if the financial records have been falsified or are in other ways erroneous. The accountants add paragraphs explaining these problems and giving their opinions as to how the records differ from GAAP.
D. Disclaimer of Opinion

The Disclaimer report is issued only when the auditors are unable to perform their work. When not enough time or information is available, a disclaimer of opinion report is issued. This is rare: An auditor will often only make this report if the company refuses to reveal specific information or if the auditing firm and the company break their contract.

AUDIENCE An audience is a group of people who participate in a show or encounter a work of art, literature in which they are called "readers"), theatre, music (in which they are called "listeners"), video games (in which they are called "players"), or academics in any medium. Audience members participate in different ways in different kinds of art; some events invite overt audience participation and others allowing only modest clapping and criticism and reception. In the age of easy Internet participation and citizen journalism, professional creators share space, and sometimes attention, with the public. Media audience studies have become a recognized part of the curriculum. Audience theory offers scholarly insight into audiences in general. These insights shape our knowledge of just how audiences affect and are affected by different forms of art. The biggest art form is the mass media. Films, video games, radio shows, software (and hardware) and other formats are affected by the audience and its reviews and recommendations.

TYPES OF AUDIENCES
Particular (real) audiences

In rhetoric, particular audiences depend on circumstance and situation, and are characterized by the individuals that make up the audience. Particular audiences are subject to persuasion and engage with the ideas of the speaker. Ranging in size and composition, particular audiences can come together to form a "composite" audience of multiple particular groups. Immediate audiences An immediate audience is a type of particular audience that is composed of individuals who are face-to-face subjects with a speaker and a speakers rhetorical text or speech. This type of audience directly listens to, engages with, and consumes the rhetorical text in an unmediated fashion. In measuring immediate audience reception and feedback, (audience measurement),

one can depend on personal interviews, applause, and verbal comments made during and after a rhetorical speech. Mediated audiences In contrast to immediate audiences, mediated audiences are composed of individuals who consume rhetorical texts in a manner that is different from the time or place in which the speaker presents a text. Audiences who consume texts or speeches through television, radio, and Internet are considered mediated audiences because those mediums separate the rhetor and the audience. Understanding the size and composition of mediated audiences can be difficult because mediums such as television, radio, and Internet can displace the audience from the time and circumstance of a rhetorical text or speech. In measuring mediated audience reception and feedback, (audience measurement), one can depend on opinion polls and ratings, as well as comments and forums that may be featured on a website.