gement. Requirement: 1.Discuss the differences between the modified and unmodified audit reports.(10 marks) 2.Discuss the above issue and describe the impa
gement. Requirement: 1.Discuss the differences between the modified and unmodified audit reports.(10 marks) 2.Discuss the above issue and describe the impa
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 33RQSC
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Question
During the audit of LDF Co’s bad debtprovision, the auditor discovered that £500,000 of costs included in the provision did not meet the criteria for inclusion based on the applicable
Requirement:
1.Discuss the differences between the modified and unmodified audit reports.(10 marks)
2.Discuss the above issue and describe the impact of this issue on the auditor’s report, if any, should this issue remain unresolved.(10 marks)
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