If the group engagement partner decides that the component auditor cannot access sufficientappropriate audit evidence regarding the component of the financial statements audited, what type ofmodified opinion will they consider issuing?O modified opinion due to GAAP departureO modified opinion due to scope limitationO adverse opinionO modified opinion due to GAAS departure Re-performance isO an evaluation of financial information by studying plausible relationships among bothfinancial and non-financial data.O an evidence-gathering procedure that involves redoing processes conducted by the client.O an evidence-gathering procedure that involves checking the mathematical accuracy of theclient's records.O an evidence-gathering procedure that involves asking questions verbally or in written formto gain an understanding of various matters throughout the audit.

a) The group engagement partner has decided that component auditor cannot access the evidence…

the group engagement partner decides that the component auditor cannot access sufficient ppropriate audit evidence regarding the component of the financial statements audited, what type of hodified opinion will they consider issuing? O modified opinion due to GAAP departure O modified opinion due to scope limitation O adverse opinion O modified opinion due to GAAS departure

the group engagement partner decides that the component auditor cannot access sufficient ppropriate audit evidence regarding the component of the financial statements audited, what type of hodified opinion will they consider issuing? O modified opinion due to GAAP departure O modified opinion due to scope limitation O adverse opinion O modified opinion due to GAAS departure

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

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If the group engagement partner decides that the component auditor cannot access sufficient
appropriate audit evidence regarding the component of the financial statements audited, what type of
modified opinion will they consider issuing?
O modified opinion due to GAAP departure
O modified opinion due to scope limitation
O adverse opinion
O modified opinion due to GAAS departure

Re-performance is
O an evaluation of financial information by studying plausible relationships among both
financial and non-financial data.
O an evidence-gathering procedure that involves redoing processes conducted by the client.
O an evidence-gathering procedure that involves checking the mathematical accuracy of the
client's records.
O an evidence-gathering procedure that involves asking questions verbally or in written form
to gain an understanding of various matters throughout the audit.

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