Auditing And Assurance Services
17th Edition
ISBN: 9780134897431
Author: ARENS, Alvin A.
Publisher: PEARSON
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Question
Chapter 3, Problem 9RQ
To determine
Explain the difference between an unmodified opinion audit report and a qualified report.
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“qualified audit report” and an audit report with a “disclaimer of opinion”. Please give explaination for both audit report with examples.
Distinguish between an unqualified report with an emphasisof-matter explanatory paragraph or modified wording and a qualified report. Giveexamples when an explanatory paragraph or modified wording should be used in anunqualified opinion.
Define emphasis-of-matter and other-matter paragraphs. What type of information do auditorsprovide in these paragraphs?
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
- Please explain the qualified and unqualified audit report with appropriate examplesarrow_forwardIdentify situations in which language in the standard (unmodified) report is modified and the type of opinion issued in those situations.arrow_forwardIn a review engagement, the CPA issues a report with: a-moderate assurance. b-limited assurance. c-reasonable assurance. d-summary of findings.arrow_forward
- Which paragraphs, if any, of the standard unqualified opinion, are auditing standards (i.e., GAAS) and GAAP standards referenced? Auditing Standards GAAP Standards A. Not Řeferenced Opinion B. Basis for Opinion Opinion C. Opinion Basis for Opinion D. Opinion Not Referencedarrow_forwardWhen and how can you determine whether or not a report is effective?arrow_forwardidentify the basic types of audit reports other than a standard unqualified audit report and explain the circumstances under which each type of report is a favourite.arrow_forward
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