Letter of Audit Report
Ryan Green
Email: ryan@email.com
November 30, 2053
Board of Directors
Platinum Corporation
63 Oak Street
Constableville, NY 13325
Dear Members of the Board of Directors,
We have audited the accompanying financial statements of Platinum Corporation, which comprise the balance sheet as of December 31, 2052, and the related statements of income, changes in equity, and cash flows for the year that ended. Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on our judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Platinum Corporation as of December 31, 2052, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States.
Sincerely,
Ryan Green
Lead Auditor
