I have audited the accompanying financial statements of 4th Note Event Singer Service
Company, which comprise the statement of financial position as at July. 31, 2017, and the
income statement, statement of changes in equity and cash flow statement for the month then
ended, and a summary of significant accounting policies and other explanatory information.
Management is responsible for the preparation and fair presentation of these financial statements
in accordance with Philippine Financial Reporting Standards; this includes 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.
Auditor’s Responsibility
I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis
for my audit opinion.
Opinion
In my opinion, the financial statements present fairly, in all material respects, the financial
position of 4th Note Event Singer Service Company as at July. 31, 2017, and of its financial
performance and its cash flows for the month then ended in accordance with Philippine Financial
Reporting Standards.
Emphasis of Matter
4th Note Event Singer Service Company used the “Cash Basis Method” of recording revenue
and expenses that had a significant effect on the financial statements as at July. 31, 2017. Based
on my judgment as an auditor, this is of such importance that it is fundamental to users’
understanding of the financial statements and I have obtained sufficient appropriate evidence that
the matter did not materially misstate the financial statements. My opinion is not qualified in
respect of this matter.
_______________________
Auditor