The standard unqualified report is issued when the auditor has gathered sufficient evidence, the audit has been performed in accordance with PCAOB standards, and the financial statements conform to GAAP. What are the important elements necessary for such a report issued by an auditor in reporting of financial statements, explain.

The standard unqualified report is issued when the auditor has gathered sufficient evidence, the audit has been performed in accordance with PCAOB standards, and the financial statements conform to GAAP. What are the important elements necessary for such a report issued by an auditor in reporting of financial statements, explain.