International Finance and Accounting Handbook

15 • 42

Country

Reporting Requirement

Asia and Pacific (Continued)Singapore

The auditor’s report must state whether the accounts and, when relevant, consolidated accounts give a true and fair vi

ew. The

report must also express an opinion as to whether the accounting and other records, including the registers, have been keptproperly for a fair presentation and for compliance with stipulations on disclosure in the Companies Act. Reference is madeto statements of auditing standards in a similar format to International Auditing Standards.

Africa and Middle EastSaudi Arabia

The auditor’s report must refer in the scope paragraph to management’s responsibility for financial statements and w

hether

management has provided all information and explanations required, as well as to the auditing standards followed andwhether the auditor has been able to attain a reasonable degree of assurance to express an opinion. The report must expressan opinion as to fair presentation of financial statements in accordance with accepted accounting standards and state compli-ance with regulations for companies and articles of association of the enterprise. Minister of Finance further requires that al

l

books of accounts must be maintained in Arabic. Compliance with this requirement must be stated in the report.

Kenya

The Kenyan Auditing Standard 2 specifies the contents of the auditor’s report, which must include:1. An appropriate title, such as “Auditors’ Report.”2. The identity of the addressee, as required by the circumstances of the engagement and regulations.3. Identification of the financial statements audited.4. Reference to the auditing standards followed.5. The audit opinion.6. Any other information prescribed by statute or other specific requirements.7. The date of the report.8. The identity of the auditor.

Exhibit 15.5.

(Continued

)