REVIEW QUESTIONS I What are the basic elements in a standard auditor's report on financial statermente 2 List three types of qualificed audit reports and briefly explain the circumstances which cach is appropriate. 3 Explain briefly the difference between a scope of limitation and a disagreement that Jead to the issuance of a qualified report. - Distinguish between a standard unqualified auditor's report and a modified unqualified auditor's report. What is the purpose of adding an emphasis of matter paragraph to an audit repone Discuss the circumstances that may cause the auditor to include an emphasis of matter paragraph in the audit report.

REVIEW QUESTIONS I What are the basic elements in a standard auditor's report on financial statermente 2 List three types of qualificed audit reports and briefly explain the circumstances which cach is appropriate. 3 Explain briefly the difference between a scope of limitation and a disagreement that Jead to the issuance of a qualified report. - Distinguish between a standard unqualified auditor's report and a modified unqualified auditor's report. What is the purpose of adding an emphasis of matter paragraph to an audit repone Discuss the circumstances that may cause the auditor to include an emphasis of matter paragraph in the audit report.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter6: Audit Evidence

Section: Chapter Questions

Problem 1RQSC

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Similar questions

Audit Evidence means ___________ used by the auditor in arriving at the conclusions on which the auditor's opinion is based. a. Information b. Evidence c. Transactions d. material
If there is a matters that pose challenges to the auditor in obtaining appropriate audit evidence or in forming an opinion on the financial statements; or matter is highlighted in __________ a. Going concern paragraph b. Key Audit Matter Paragraph c. Other matter Paragraph d. Emphasis of matter Paragraph
The standard uniquified audit report Select one: a. is sometimes called a disclaimer report b. can be issued only with an explanatory paragraph c. can be issued if only a balance sheet and income statement are included in the financial statements. d. is sometimes called a clean opinion
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Accounting & Finance - Auditing Question 5: Discuss the audit expectation gap. Your answer should include the following: the main causes of the expectation gap; its main components; and procedures that can be taken to reduce the expectation gap.
Q. Identify the three types of modification to an auditor’sopinion on financial statements according to ISA705‘Modifications to the Opinion in the Independent Auditor’sReport’ and explain how these are determined.
Choose the documents which should be included in the audit documentation a. Summaries of significant matter O b. Issue memoranda O c. Audit program O d. All the options
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b) Identify the four phases of the audit. What is the relationship of the four phases to the objective of the audited of ﬁnancial statement? c) The expression “true and fair” is often used in auditing. Explain. NB: Plase answer question b and c
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hat does the standard audit report indicate about the audit's scope and the financial statement (i.e., whether or not it is presented fairly)?