Under which of the conditions below the auditor will make “an emphasis of matter” to the financial statements in the audit report even though an unqualified opinion is given: i) The existence of significant related party transactions. ii) Report involving other auditors iii)Important events occurring subsequent to the balance sheet date. iv) Matters affecting the comparability of the financial statements with those of the preceding year A. i) iii) and iv) B. ii) iii) and iv) C. i) ii) iii) and iv) D. ii) and iii)
Under which of the conditions below the auditor will make “an emphasis of matter” to the financial statements in the audit report even though an unqualified opinion is given: i) The existence of significant related party transactions. ii) Report involving other auditors iii)Important events occurring subsequent to the balance sheet date. iv) Matters affecting the comparability of the financial statements with those of the preceding year A. i) iii) and iv) B. ii) iii) and iv) C. i) ii) iii) and iv) D. ii) and iii)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Under which of the conditions below the auditor will make “an emphasis of matter” to the financial statements in the audit report even though an unqualified opinion is given:
i) The existence of significant related party transactions.
ii) Report involving other auditors
iii)Important events occurring subsequent to the balance sheet date.
iv) Matters affecting the comparability of the financial statements with those of the preceding year
A.
i) iii) and iv)
B.
ii) iii) and iv)
C.
i) ii) iii) and iv)
D.
ii) and iii)
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