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Author Question: After the balance sheet date but prior to issuance of the auditor's report the auditor learns that ... (Read 55 times)

Sadjam2

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Question 1

A restriction on the scope of the auditor's examination requires
◦ a qualifying paragraph to be included in the introduction.
◦ a qualifying paragraph preceding the opinion paragraph.
◦ a disclaimer opinion.
◦ a basis for a qualified opinion paragraph.

Question 2

After the balance sheet date but prior to issuance of the auditor's report the auditor learns that the client's facility in a foreign country has been expropriated. Management refuses to disclose this information in a financial statement footnote or present pro-forma data as to the effect of the event. The auditor should
◦ add a footnote to the financial statements.
◦ disclaim an opinion due to the client-imposed scope limitation.
◦ provide the information in the report and modify the opinion.
◦ issue an unqualified opinion but provide the information in the auditor report.


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Marked as best answer by Sadjam2 on Aug 21, 2022

queenBea90

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Sadjam2

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Reply 2 on: Aug 21, 2022
Gracias!


momolu

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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