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Author Question: More than one modification should be included in the audit report when (Read 39 times)

Labomba

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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.


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Marked as best answer by Labomba on Aug 21, 2022

koung719

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Labomba

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


bitingbit

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

 

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