ICAEW.com works better with JavaScript enabled.

Preparing an audit report with a disclaimer of opinion

Published: 01 Sep 2018 Updated: 18 Aug 2021 Update History

This guide was last updated in August 2021 and is based on the relevant laws and regulations that apply as at 1 August 2021.

This guide is designed to explain the main changes that are needed to the audit report when an auditor considers it necessary to disclaim the opinion on the financial statements as a whole. The example wording in this guide has been adapted from the examples in the Appendix to ISA (UK) 705 and updated for UK legal and regulatory requirements.

Terms and conditions

© ICAEW 2024 All rights reserved.

ICAEW cannot accept responsibility for any person acting or refraining to act as a result of any material contained in this helpsheet. This helpsheet is designed to alert you to an important issue of general application. It is not intended to be a definitive statement covering all aspects but is a brief comment on a specific point.

You have permission to use and reproduce this helpsheet on the following conditions:

The helpsheet is to be reproduced for personal, non-commercial use only and is not for re-distribution.

Download this guide

Access a PDF version of this guide to print or save.

Download