1. Which of the following is ordinarily true of a modification of the audit report by adding an emphasis of matter paragraph? Group of answer choices a. The emphasis of matter paragraph would ordinarily refer to the fact that the auditor’s opinion is not qualified. b. The emphasis of matter paragraph is a “subject to” qualification of opinion. c. The emphasis of matter paragraph is presented before the opinion paragraph. d. The modification by adding an emphasis of matter paragraph is an “except for” qualification of opinion. 2. If an auditor is engaged to audit a client’s financial statements after the annual physical inventory count was made and the accounting records are not sufficiently reliable to enable the auditor to become satisfied as to the year-end inventory balances, the opinion to be expressed is Group of answer choices a. either an adverse opinion or disclaimer of opinion. b. either a disclaimer or opinion or an “except for” qualified opinion. c. either an “except for” qualified opinion or an adverse opinion. d. an unqualified opinion.
90-1
1. Which of the following is ordinarily true of a modification of the audit report by adding an emphasis of matter paragraph?
Group of answer choices
a. The emphasis of matter paragraph would ordinarily refer to the fact that the auditor’s opinion is not qualified.
b. The emphasis of matter paragraph is a “subject to” qualification of opinion.
c. The emphasis of matter paragraph is presented before the opinion paragraph.
d. The modification by adding an emphasis of matter paragraph is an “except for” qualification of opinion.
2. If an auditor is engaged to audit a client’s financial statements after the annual physical inventory count was made and the accounting records are not sufficiently reliable to enable the auditor to become satisfied as to the year-end inventory balances, the opinion to be expressed is
Group of answer choices
a. either an adverse opinion or disclaimer of opinion.
b. either a disclaimer or opinion or an “except for” qualified opinion.
c. either an “except for” qualified opinion or an adverse opinion.
d. an unqualified opinion.
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