Auditing And Assurance Services
17th Edition
ISBN: 9780134897431
Author: ARENS, Alvin A.
Publisher: PEARSON
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Question
Chapter 3, Problem 22.2MCQ
To determine
Identify the correct answer for the given statement.
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Students have asked these similar questions
In an adverse opinion is expressed on the audited FS, the auditor shall express a disclaimer ofopinion on the summary FS because it is inappropriate to do so.
True or False?
How does a qualified opinion by an auditor differ from an unqualified opinion or an adverse opinion?
Which of the following situations will
not result in modification of the
auditor's report because of a scope
limitation? *
O Inadequacy in the accounting records.
O Restriction imposed by the client.
Inability to obtain sufficient
appropriate evidential matter.
Reliance placed on the report of
another auditor.
Chapter 3 Solutions
Auditing And Assurance Services
Ch. 3 - Prob. 1RQCh. 3 - Prob. 2RQCh. 3 - Prob. 3RQCh. 3 - Prob. 4RQCh. 3 - Prob. 5RQCh. 3 - Prob. 6RQCh. 3 - Prob. 7RQCh. 3 - Prob. 8RQCh. 3 - Prob. 9RQCh. 3 - Prob. 10RQ
Ch. 3 - Prob. 11RQCh. 3 - Prob. 12RQCh. 3 - Prob. 13RQCh. 3 - Prob. 14RQCh. 3 - Distinguish between a report qualified due to a...Ch. 3 - Prob. 16RQCh. 3 - Prob. 17RQCh. 3 - Prob. 18RQCh. 3 - Prob. 19RQCh. 3 - Prob. 20.1MCQCh. 3 - Prob. 20.2MCQCh. 3 - Prob. 20.3MCQCh. 3 - Prob. 21.1MCQCh. 3 - Prob. 21.2MCQCh. 3 - Prob. 21.3MCQCh. 3 - Prob. 22.1MCQCh. 3 - Prob. 22.2MCQCh. 3 - Prob. 22.3MCQCh. 3 - Prob. 23DQPCh. 3 - Prob. 24DQPCh. 3 - Prob. 25DQPCh. 3 - Prob. 26DQPCh. 3 - Prob. 28DQPCh. 3 - Prob. 29DQP
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Similar questions
- How does the auditor’s opinion differ between scope limitationscaused by client restrictions and limitations resulting from conditions beyond the client’scontrol? Under which of these two will the auditor be most likely to issue a disclaimer ofopinion? Explain.arrow_forwardWhat will the auditor do in respect of misstatement which in his opinion are immaterial? a. Give unmodified/unqualified opinion. b. Can’t form an opinion c. Give modified/qualified opinion d. Give an adverse opinionarrow_forwardThe audit procedure used for a substantive test determines whether an auditor identifies a factual or judgmental misstatement. True Falsearrow_forward
- The "other information" is included in the audit opinion, or is it excluded? Justify your choice.arrow_forwardWhat type of situation would require an auditor to give an unmodified opinion without a standard report. Why would their opinion have to be modified?arrow_forwardIf a material exception relates to a departure from PFRSs, the auditor may issue either: A. Unmodified and modified opinion B. Adverse and qualified opinion C. Adverse and disclaimer opinion D. Qualified and disclaimer opinionarrow_forward
- How is the auditors’ standard (unmodified) report modified for qualified or adverse opinionsissued as a result of departures from GAAP?arrow_forwardThe attorney's refusal to reply to the audit inquiry is a scope limitation that may affect the audit report. True Falsearrow_forwardWhat type of audit opinion is expressed by an auditor performing a limited scope audit? Select one: a. Disclaimer b. Unqualified c. Qualified d. Adversearrow_forward
- Why should receiving reports be prenumbered? What assertion would an auditor test using thereceiving reports, and how would the auditor do this?arrow_forwardExplain when performing an auditor, the auditor could sometimes be permitting the sumof the tolerable misstatement to exceed overall materialityarrow_forwardWhat happens when the auditor cannot issue the standard unqualified/unmodified audit report?arrow_forward
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