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?
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.
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.
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
- The audit procedure used for a substantive test determines whether an auditor identifies a factual or judgmental misstatement. True Falsearrow_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_forwardWhich of the following does NOT describe sufficient appropriate audit evidence? O appropriateness relates to the quality of evidence O the quality of evidence affects the quantity required O sufficiency relates to the quantity of evidence O the sufficiency of evidence is a matter of professional scepticismarrow_forward
- 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?arrow_forwardThe "other information" is included in the audit opinion, or is it excluded? Justify your choice.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
- Explain when performing an auditor, the auditor could sometimes be permitting the sumof the tolerable misstatement to exceed overall materialityarrow_forwardWhy should receiving reports be prenumbered? What assertion would an auditor test using thereceiving reports, and how would the auditor do this?arrow_forwardWhat happens when the auditor cannot issue the standard unqualified/unmodified audit report?arrow_forward
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