Author Question: Examples of unmodified opinions which contain modified wording (without adding an emphasis-of-matter ... (Read 42 times)

olsonmanny@gmail.com · **on:** Aug 21, 2022

Question 1

All of the following would require an emphasis of matter paragraph except for
◦ the existence of material related party transactions.
◦ the lack of auditor independence.
◦ important events occurring subsequent to the balance sheet date.
◦ material uncertainties disclosed in the footnotes.

Question 2

Examples of unmodified opinions which contain modified wording (without adding an emphasis-of-matter paragraph) include
◦ reports involving other auditors.
◦ the lack of consistent application of generally accepted accounting principles.
◦ substantial doubt about the audited company (or the entity) continuing as a going concern.
◦ lack of consistent application of GAAP.

fdsajkl · **Reply #1 on:** Aug 21, 2022

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