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Author Question: If the scope restriction imposed by the client is so material that the overall fairness of the ... (Read 28 times)

ahunt13

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Question 1

For departures from GAAP or scope restrictions, the auditor must decide if the potential effect on the financial statements is
◦ immaterial.
◦ material.
◦ highly material.
◦ Any of these.

Question 2

If the scope restriction imposed by the client is so material that the overall fairness of the financial statements is in question, the auditor should issue a(n)
◦ standard unmodified opinion.
◦ disclaimer of opinion.
◦ adverse opinion.
◦ unmodified opinion with revised wording in the scope paragraph.


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Marked as best answer by ahunt13 on Aug 21, 2022

KeriJennin

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ahunt13

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Reply 2 on: Aug 21, 2022
Wow, this really help


olderstudent

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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