Choose the appropriate audit opinion from the following:... Choose the appropriate audit opinion from the following: • Adverse • Disclaimer • Qualified • Unmodified Auditors' judgment about the Pervasiveness of the Effects or Possible Effect on the Financial Statements Nature or Matter Giving Rise to the Modification Not Material Material but not pervasive Material and Pervasive Scope limitation Departure from GAAP

Choose the appropriate audit opinion from the following:... Choose the appropriate audit opinion from the following: • Adverse • Disclaimer • Qualified • Unmodified Auditors' judgment about the Pervasiveness of the Effects or Possible Effect on the Financial Statements Nature or Matter Giving Rise to the Modification Not Material Material but not pervasive Material and Pervasive Scope limitation Departure from GAAP

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter15: Audit Reports For Financial Statement Audits

Section: Chapter Questions

Problem 24RQSC

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Similar questions

What category of audit report will be issued if the auditor concludes that the financial statementsare not fairly presented? A. qualified B. adverse C. standard unmodified opinion D. disclaimer
What terms can be used to express an unmodified opinion on financial statements prepared in accordance with a fair presentation framework? a. Present fairly, in all material respects O b. Financial statements are materially misstated and pervasive O c. Subject to O d. With the foregoing explanation
What terms can be used to express an unmodified opinion on financial statements prepared in accordance with a fair presentation framework? O a. Present fairly, in all material respects O b. Financial statements are materially misstated and pervasive O . Subject to O d. With the foregoing explanation
What type of audit opinion is preferred when analyzing fi nancial statements? B . Adverse.
When financial statements contain a departure from GAAP because, due to unusual circumstances, the statements would otherwise be misleading, the auditor should explain the unusual circumstances in a separate paragraph and express an opinion that is....... Select one: a. Adverse. b. Qualified. c. Qualified or adverse, depending on materiality. " d. Unqualified.
What type of audit opinion is expressed by an auditor performing a limited scope audit? Select one: a. Disclaimer b. Unqualified c. Qualified d. Adverse
when the auditor discover a misstatement in the financial statement and this misstatement is considered as material and will affect the overall financial statement fairness , the auditor will issue a : Select one: a. Qualified opinion b. Modified wording opinion c. unqualified with emphasis of matter d. Adverse opinion