the audit committee of board of directors of the oil field supply company engaged the audit...

the audit committee of board of directors of the oil field supply company engaged the audit firm of Martinez and James LLP to preform an audit of the company for years ended May 31 2016 and May 31 2017 the CPA firm completed the audit and issued a standard un modified report for a non public entity dated September 30 2017

Prepare the audit report

Expert Solution

Independent Auditor's Report

We have audited the accompanying balance sheet of Oil Field Supply Company as of September 30, 2017. These financial statements are the responsibility of the Company's management.
Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with the generally accepted auditing standards in the United States of America. Our responsibility in accordance to these standards is to plan and perform the audit to obtain reasonable assurance about the true and fair view of the balance sheet and the financial statements are free from material misstatement. An audit is conducted by examining the evidence supporting the amounts and disclosures in the balance sheet on a test basis. It also includes the assessment of the implementation of accounting principles and significant estimates made by management as well as evaluating the overall balance sheet presentation. We believe that our audit of the financial statements provides a reasonable basis for our opinion.

In our opinion, the financial statements referred above, presents fairly, in all material respects, the financial position of Oil Field Supply Company as of September 30, 2017, in conformity with accounting principles generally accepted in the United States of America.

Signature and Seal of CPA and the firm,

Date.

Hope this is helpful!!

ekkarill92 answered 1 year ago

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