An auditor's report confirms that the financial statements are prepared in accordance with applicable standards and accurately reflect the company's financial position. It is a verification of the form and completeness of disclosure, not an assessment of business attractiveness.
The report can be unmodified—when there are no material findings—or modified. In the latter case, the auditor either makes a qualification on a specific matter, expresses a negative opinion, or disclaims an opinion. Special attention should be paid to the section on material uncertainty regarding going concern: this is a direct signal of risks to the company's sustainability.
Joint-stock companies in Uzbekistan undergo annual external audits and publish the report together with financial statements. When analyzing an issuer, it is important to look not only at the figures but also at the type of report and whether the auditor has changed—frequent changes without clear reasons warrant attention.