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Author Question: The standard audit report for nonpublic entities refers to GAAS and GAAP in which sections? (Read 284 times)

ShannenConnor

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on: Aug 21, 2022

Question 1

The management's responsibilities section of the standard unmodified opinion audit report for a nonpublic company states that the financial statements are
◦ the responsibility of the auditor.
◦ the responsibility of management.
◦ the joint responsibility of management and the auditor.
◦ None of these.

Question 2

The standard audit report for nonpublic entities refers to GAAS and GAAP in which sections?
◦
GAASGAAP
Auditor's Responsibilities paragraphAuditor's Responsibilities paragraph 

◦
GAASGAAP
Auditor's Responsibilities paragraph  Auditor's Opinion
paragraph

◦
GAASGAAP
Management's Responsibilities and Auditor's Opinion paragraphsManagement's Responsibilities and Auditor's Opinion paragraphs

◦
GAASGAAP
Auditor's responsibilities and Basis for Opinion paragraphsManagement's Responsibilities and Auditor's Opinion paragraphs 
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by ShannenConnor on Aug 21, 2022

FireandIce

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Reply #1 on: Aug 21, 2022
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ShannenConnor

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

FergA

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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