What type of opinion would the auditors issue when the client has refused to allow certain audit tests and there are no equivalent alternative procedures available? Disclaimer of opinion Qualified opinion Unmodified opinion with a qualified scope paragraph Unmodified opinion with an emphasis-of-matter paragraph

What type of opinion would the auditors issue when the client has refused to allow certain audit tests and there are no equivalent alternative procedures available? Disclaimer of opinion Qualified opinion Unmodified opinion with a qualified scope paragraph Unmodified opinion with an emphasis-of-matter paragraph

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter15: Audit Reports On Financial Statements

Section: Chapter Questions

Problem 27MCQ

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Similar questions

The phrase “except for the possible effects of the matter described…” appears in an audit report. This could be what type of opinion? a. Qualified Adverse Disclaimer Yes Yes No b. Qualified Adverse Disclaimer Yes No No c. Qualified Adverse Disclaimer No No Yes d. Qualified Adverse Disclaimer No Yes No e. Qualified Adverse Disclaimer Yes Yes Yes
The "other information" is included in the audit opinion, or is it excluded? Justify your choice.
What type of audit opinion is preferred when analyzing fi nancial statements? C . Unqualifi ed.
A request that the confirming party respond directly to the auditor indicating whether the confirming party agrees or disagrees with the information in the request, or providing the requested information. Positive confirmation request Negative confirmation request External Confirmation Internal Confirmation
What type of situation would require an auditor to give an unmodified opinion without a standard report. Why would their opinion have to be modified?
What type of audit opinion is expressed by an auditor performing a limited scope audit? Select one: a. Disclaimer b. Unqualified c. Qualified d. Adverse
What type of audit opinion is preferred when analyzing fi nancial statements? A . Qualifi ed
Why should receiving reports be prenumbered in the first place? With the help of the receiving reports, what assertions would an auditor test, and how would the auditor go about doing so?
A significant scope limitation, determined to be pervasive, existed during an audit. The CPA will likely issue what type of report? a. Qualified Disclaimer Adverse Yes No No b. Qualified Disclaimer Adverse No Yes No c. Qualified Disclaimer Adverse No Yes Yes d. Qualified Disclaimer Adverse Yes Yes No e. Qualified Disclaimer Adverse No No Yes
What are the advantages and disadvantages of disclaimer audit opinion
Correction of an error in principle affects comparability and an explanatory paragraph after the opinion paragraph is not required on the audit report. * True O False
Define material scope restriction. Must a material scope restriction always lead to a modification of the audit opinion?