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 indicate: The case when auditor issues dual date audit report.

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Answer 1

Question

Chapter 17, Problem 17.5RQ

To determine

Concept Introduction:

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 indicate:The case when auditor issues dual date audit report.

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What is the purpose of dual dating the auditor’s report?

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Answer 2

Question

Chapter 17, Problem 17.5RQ

To determine

Concept Introduction:

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 indicate:The case when auditor issues dual date audit report.

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Answer 3

Question

Chapter 17, Problem 17.5RQ

To determine

Concept Introduction:

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 indicate:The case when auditor issues dual date audit report.

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Answer 4

Question

Chapter 17, Problem 17.5RQ

To determine

Concept Introduction:

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 indicate:The case when auditor issues dual date audit report.

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Answer 5

Chapter 17, Problem 17.5RQ

To determine

Concept Introduction:

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 indicate:The case when auditor issues dual date audit report.

Answer 6

Chapter 17, Problem 17.5RQ

To determine

Concept Introduction:

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 indicate:The case when auditor issues dual date audit report.

Answer 7

Chapter 17, Problem 17.5RQ

To determine

Concept Introduction:

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 indicate:The case when auditor issues dual date audit report.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 17 - Prob. 17.1RQ Ch. 17 - Prob. 17.2RQ Ch. 17 - Prob. 17.3RQ Ch. 17 - Prob. 17.4RQ Ch. 17 - Prob. 17.5RQ Ch. 17 - Prob. 17.6RQ Ch. 17 - Prob. 17.7RQ Ch. 17 - Prob. 17.8RQ Ch. 17 - Prob. 17.9RQ Ch. 17 - Prob. 17.10RQ

Solution Summary: The author explains that audit report includes the opinion of the auditor on the financial statements based on audit evidences obtained during the audit process.

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Chapter 17 Solutions