FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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REVIEW QUESTIONS I What are the basic elements in a standard auditor's report on financial statements 2 List three types of qualificd audit reports and briefly explain the circumstances in which each is appropriate. lead to the issuance of a qualified report. - Distinguish between a standard unqualified auditor's report and a modified unqualified auditor's report. S What is the purpose of adding an emphasis of matter paragraph to an audit repone Discuss the circumstances that may cause the auditor to include an emphasis of matter paragraph in the audit report.
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Transcribed Image Text:REVIEW QUESTIONS I What are the basic elements in a standard auditor's report on financial statements 2 List three types of qualificd audit reports and briefly explain the circumstances in which each is appropriate. lead to the issuance of a qualified report. - Distinguish between a standard unqualified auditor's report and a modified unqualified auditor's report. S What is the purpose of adding an emphasis of matter paragraph to an audit repone Discuss the circumstances that may cause the auditor to include an emphasis of matter paragraph in the audit report.
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