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, adverse, or disclaimer. To choose: The case which may cause the auditor to change the opinion on previous year’s financial statements.

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Chapter 18, Problem 18.18MCQ

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, adverse, or disclaimer.

To choose: The case which may cause the auditor to change the opinion on previous year’s financial statements.

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