lf an auditor's report on the prior period included a modified opinion and the matter which gave rise to the modification is unresolved, the auditor's opinion on the prior period's financial statements should be modified. S2: The auditor's opinion on comparative financial statements should refer to each period for which financial statements are presented and on which an audit opinion is expressed. S3: Reference to the work of an auditor's expert in an auditor's report containing an unmodified opinion unless required by law or regulation to do so.
lf an auditor's report on the prior period included a modified opinion and the matter which gave rise to the modification is unresolved, the auditor's opinion on the prior period's financial statements should be modified. S2: The auditor's opinion on comparative financial statements should refer to each period for which financial statements are presented and on which an audit opinion is expressed. S3: Reference to the work of an auditor's expert in an auditor's report containing an unmodified opinion unless required by law or regulation to do so.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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S1: lf an auditor's report on the prior period included a modified opinion and the matter which gave rise to the modification is unresolved, the auditor's opinion on the prior period's financial statements should be modified. S2: The auditor's opinion on comparative financial statements should refer to each period for which financial statements are presented and on which an audit opinion is expressed. S3: Reference to the work of an auditor's expert in an auditor's report containing an unmodified opinion unless required by law or regulation to do so.
O S1 and S2 are true
O S2 and S3 are true
O All statements are true
O All statements are false
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