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Author Question: In auditing the long-term investments account, Arens, CPA, is unable to obtain audited financial ... (Read 42 times)

shanell

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on: Aug 21, 2022
In auditing the long-term investments account, Arens, CPA, is unable to obtain audited financial statements for an investee located in a foreign country. Levine concludes sufficient appropriate audit evidence regarding this investment cannot be obtained. 

For each of the following situations below, identify the appropriate opinion type and report modification by selecting a choice from the appropriate tables below.
 
SituationOpinion
Type		Intro
​		Scope
​		Opinion
​		Exp1
​
1. Assume the potential effect on the financial statements is immaterial.​​​​​
2. Assume the potential effect on the financial statements is moderate.​​​​​
3. Assume the potential effect on the financial statements is high.​​​​​
 
Opinion TypeStandard Paragraph ChoiceExplanatory Paragraph
U  UnmodifiedO  Omit0  None required
Q  QualifiedN  No change+  Insert before opinion
A  AdverseM  Modify-  Insert after opinion
D  Disclaimer​​
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by shanell on Aug 21, 2022

bball_babe_123

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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shanell

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

bimper21

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Reply 3 on: Yesterday
Gracias!

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