Answered: Which may not be shown in an auditor's…

Which may not be shown in an auditor's report of a non listed entity? A. Auditor's address B. Management responsibility paragraph C. Key audit matters paragraph D. Auditor's responsibility paragraph

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Do the auditors have to report on (a) the audited financial statements and (b) any other information that is required by law?
1-From the options given below which of the document is included by an auditor in the audit documentation? a. Oral explanation by auditor b. Complete notes c. Superseded draft of financial statements d. Previous copies of documents rectified for mistakes
The responsibility for the financial statements rests A. jointly with the auditor and management B. solely with management C. with the internal audit function D. solely with the external auditor
Please use own sentences
The standard unmodified auditors' report generally refers to both accounting principles and auditing standards. In which of the sections are these terms used? O Auditing standards in management responsibilities and opinion paragraphs and accounting principles in the auditor's responsibilities. O Accounting principles in management responsibilities, opinion paragraph, and auditor's responsibilities, and audit standards in the auditor's responsibilities. O Auditing standards in management responsibilities, opinion paragraph, and auditor's responsibilities, and accounting principles in the auditor's responsibilities. O Accounting principles in management responsibilities and opinion paragraphs and audit standards in the basis for opinion and auditor's responsibilities sections.
Auditing: Discuss the difference between the Management Letter and the Legal Representation Letter
Q. Who is responsible for preparing the overall audit strategy and the audit plan? a-Those charged with governance b-Management’s c-Accountant d-Auditor’s
List of matters normally communicated to those charged with governance includes: a) The overall approach and scope of the audit, including any limitations on the scope of the audit. b) The accounting policies and any changes to them that could materially affect the financial statements. c) Adjustments arising as a result of audit procedures which may not materially impact the financial statements. d) Material events or uncertainties which could jeopardize the going concern status, and which does not require disclosure within the financial statements e) Disagreements with management over accounting treatments or disclosures Any expected modifications to the audit report f) Material weaknesses discovered in the internal systems and controls. All a) , b) , c) , d) , e) and f) Only a) , b) , e) and f) Only a) , b) and c) Only a) , b) , c) and e) Only a) , e) and f)
If the entity is subject to PCAOB requirements regarding communication about control deficiencies(AS 1305), what written representations should auditors obtain from the client with respect tointernal control over financial reporting?
When component auditors are involved in the audit of group financial statements, the group auditors may issue a report thata. Refers to the component auditors, describes the extent of the component auditors’ work, and expresses an unmodified opinion.b. Does not consider or evaluate the component auditors’ work but expresses an unmodified opinion in a standard report.c. Places primary responsibility for the reporting on the component auditors.d. Names the component auditors, describes their work, and presents only the group auditors’ report.
**Objective Question:** Which type of audit primarily focuses on ensuring that an organization complies with relevant laws, regulations, and internal policies? A) External audit B) Tax audit C) Compliance audit D) Forensic audit
The statement that the auditor believes that the audit evidence obtained is sufficient and appropriate to provide a basis for the auditor's opinion is in what section of the new auditor's report? a.Responsibilities for the Financial Statements. b.Basis for Opinion. c.Auditor's responsibility. d.Opinion Paragraph.