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Author Question: When dealing with materiality and scope limitation conditions, (Read 50 times)

knightj

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on: Aug 21, 2022

Question 1

When an auditor issues a qualified report due to a scope limitation an explanatory paragraph is normally added. Which, if any, of the following paragraphs are also modified?
◦
IntroductoryScopeOpinion
YesYesYes

◦
IntroductoryScopeOpinion
YesYesNo

◦
IntroductoryScopeOpinion
NoYesNo

◦
IntroductoryScopeOpinion
NoYesYes


Question 2

When dealing with materiality and scope limitation conditions,
◦ a disclaimer of opinion must be issued.
◦ it is easier to evaluate the materiality of potential misstatements resulting from a scope limitation than for failure to follow GAAP.
◦ scope limitations imposed by the client are always considered material.
◦ an unqualified opinion may still be issued depending on the materiality of the scope limitation.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by knightj on Aug 21, 2022

bigboya

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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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knightj

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

dantucker

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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