According to paragraph 7 IAS 1, Presentation of Financial Statements,
The objective of general purpose financial statements is to provide information about the financial position, financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions.
Yeah, that’s right, it should be useful to a “wide range of users in making economic decisions”, and not to “an auditor in forming an audit opinion”.
You don’t make the financial statements a working paper to document your understanding of the business. Sometimes it pays when you just stick to practicality.
I hope I made myself clear.