<P> The auditor's report is a disclaimer thereof, issued by either an internal auditor or an independent external auditor as a result of an internal or external audit, as an assurance service in order for the user to make decisions based on the results of the audit . </P> <P> An auditor's report 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 . </P> <P> It is important to note that auditor reports on financial statements are neither evaluations nor any other similar determination used to evaluate entities in order to make a decision . The report is only an opinion on whether the information presented is correct and free from material misstatements, whereas all other determinations are left for the user to decide . </P> <P> There are four common types of auditor's reports, each one presenting a different situation encountered during the auditor's work . The four reports are as follows: </P>

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