Author Question: More than one modification should be included in the audit report when (Read 33 times)

Labomba · **on:** Aug 21, 2022

Question 1

In most audits, the auditor issues a(n)
◦ modified opinion audit report.
◦ standard unmodified opinion audit report.
◦ scope limited audit report.
◦ adverse audit report.

Question 2

More than one modification should be included in the audit report when
◦ the auditor is not independent and the auditor knows that the company has not followed generally accepted accounting principles.
◦ there is substantial doubt about the going concern of the company and information about the causes of the uncertainties is not adequately disclosed in the footnotes.
◦ there is a scope limitation and there is substantial doubt about the company's ability to continue as a going concern.
◦ All of these.

koung719 · **Reply #1 on:** Aug 21, 2022

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