Audit report includes the opinion of the auditor on the financial statements. Audit provides his opinion based on the audit evidences obtained during the audit process . This audit opinion is communicated to the users of the financial statement in an audit report. The opinion of the audit may be unqualified, qualified, or adverse. To choose: The auditor’s responsibility with respect to the subsequent events.

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Chapter 17, Problem 17.15MCQ

To determine

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Audit report includes the opinion of the auditor on the financial statements. Audit provides his opinion based on the audit evidences obtained during the audit process. This audit opinion is communicated to the users of the financial statement in an audit report. The opinion of the audit may be unqualified, qualified, or adverse.

To choose: The auditor’s responsibility with respect to the subsequent events.

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