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Author Question: When there is a justified departure from GAAP which is considered material, the auditor should issue a(n) (Read 57 times)

bryantpr01

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Question 1

When accounting principles are not consistently applied, and the materiality level is immaterial, the auditor will issue a(n)
◦ standard unmodified opinion.
◦ unmodified opinion with an explanatory paragraph.
◦ adverse opinion.
◦ disclaimer opinion.

Question 2

When there is a justified departure from GAAP which is considered material, the auditor should issue a(n)
◦ standard unmodified opinion.
◦ disclaimer of opinion.
◦ unmodified opinion with an explanatory paragraph.
◦ adverse opinion.


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Marked as best answer by bryantpr01 on Aug 21, 2022

Burly

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bryantpr01

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Reply 2 on: Aug 21, 2022
Thanks for the timely response, appreciate it


Animal_Goddess

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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