An Analysis of Audit Reports: A Study of Eighteen Listed Food Companies in Bangladesh

Abstract

This study attempts to present different aspects of audit reports of the food industry in Bangladesh. The paper contains the empirical observations based on the audit opinions of eighteen listed food companies in Bangladesh. There are significant variations among the opinions of the auditors in case of unqualified reports. But in case of qualified reports, the auditors identified the material misstatements in the audit reports regarding the financial statements of the respective companies adding the word “except for” in the opinion paragraph.