Ellen Norman is a partner of a regional accounting firm. Ms. Norman was hired by a client
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Ellen Norman is a partner of a regional accounting firm. Ms. Norman was hired by a client to audit the company’s books. After extensive work, Ms. Norman determined that she was unable to perform the appropriate audit procedures.
Required
a. Name the type of audit report that Ms. Norman should issue with respect to the work that she did accomplish.
b. If Ms. Norman had been able to perform the necessary audit procedures, there are three types of audit reports that she could have issued depending on the outcome of the audit. Name and describe these three types of audit reports.
The audit report is issued by a certified public accountant who is appointed by the shareholders to provide assurance upon the truth and fairness of the financial statements prepared by the managers of the company. Audit report contains the...
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a Since Ms Norman was not able to complete the audit procedures she should issue a ...View the full answer
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Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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