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Author Question: If the financial statements include an income statement and a balance sheet but exclude the ... (Read 66 times)

isam

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on: Aug 21, 2022

Question 1

For the report containing a disclaimer for lack of independence, the disclaimer is in the
◦ second or scope paragraph.
◦ third or opinion paragraph.
◦ first and only paragraph.
◦ fourth or explanatory paragraph.

Question 2

If the financial statements include an income statement and a balance sheet but exclude the statement of cash flows, the auditors
◦ can issue an unqualified report.
◦ should issue a qualified opinion due to the departure from GAAP.
◦ should issue a qualified opinion because the missing statement of cash flows constitutes a scope limitation.
◦ should include the statement of cash flows, modify the report, and issue an unqualified opinion.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by isam on Aug 21, 2022

Rcfelber

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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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isam

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

Joy Chen

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

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