The following are circumstances when the auditor may consider it necessary to include an emphasis-of-matter paragraph, except:

Question:

(a) An uncertainty relating to the future outcome of unusually important litigation or regulatory action

(b) A major catastrophe that has had, or continues to have, a significant effect on the entity’s financial position

(c) Significant transactions with related parties

(d) Unusually important subsequent events

(e) None

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing Assurance Services And Forensics A Comprehensive Approach

ISBN: 9783319905204

1st Edition

Authors: Felix I. Lessambo

See More Books

Question Posted: May 27, 2024 02:04 AM

See More Questions

Identify the process evaluation article that you chose and explain why you selected this example. Describe the purpose of the evaluation, the informants, the questions asked, and the results of the...
Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Auditors are the third pair of eyes for people who use financial statements ( Uzuh,2008). The audit provides users of the financial statements...
Miller with corporate and personal taxes ____________. Answer options are displayed below it. After Modigliani and Miller's (MM) original no-tax theory, they went on to develop another theory that...
For a child i living in a particular a school district, let voucheri be a dummy variable equal to one if a child is selected to participate in a school voucher program, and let scorei be that child's...
Write an equation for the graph shown in the form y = a(x - h) 2 + k, where a is either -1 or +1 and h and k are integers. -5 -5
Develop a work breakdown structure for the project. Break down the work to Level 3 or Level 4, as appropriate. Use the template on the companion Web site and samples in this text as guides. Print the...
Selected accounts from the adjusted trial balance of Daniel's Sports Equipment on September 30, 2010, the fiscal year end. The company's beginning merchandise inventory was $81,222 and ending...
You expect a share of stock to pay dividends of $1.00, $1.25, and $1.50 in each of the next 3 years. You believe the stock will sell for $20 at the end of the third year. c. What will be the dividend...
If the auditor considers it necessary to communicate a matter other than those that are presented or disclosed in the financial statements, the auditor should: (a) The auditor should do so in a...
(a) The auditor can only add an Emphasis of Matter Paragraph if: (b) The matter has been appropriately presented or disclosed in the financial statements (c) In the auditors professional judgment,...
What is the kinetic definition of equilibrium?
do you agree wih this approach to dismantling the toxic culture? explain
Movies When randomly selecting a speaking character in a movie, the probability of getting a female is 0.331 (based on data from "Inequality in 1200 Popular Films," by Smith, et al., Annenberg...
Steve Reese is a well-known interior designer in Fort Worth, Texas. He wants to start his own business and convinces Rob O'Donnell, a local merchant, to contribute the capital to form a partnership....
Exercise 6-10A (Algo) Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 6-3, 6-4, 6-5 Exact Photo Service purchased a new color printer at the beginning of...
Independent Events Again assume that when randomly selecting a speaking character in a movie, the probability of getting a female is 0.331, as in Exercise 1. If we want to find the probability of 20...
A random sample of students is interviewed to determine if there is an association between class and attitude toward corporations. With the following results, test the hypothesis that there is no...
The Place-Plus real estate development firm in Problem 24 is dissatisfied with the economists estimate of the probabilities of future interest rate movement, so it is considering having a financial...
ABC Company engaged in the following transaction in October 2 0 1 7 Oct 7 Sold Merchandise on credit to L Barrett $ 6 0 0 0 8 Purchased merchandise on credit from Bennett Company $ 1 2 , 0 0 0 . 9...
Lime Corporation, with E & P of $500,000, distributes land (worth $300,000, adjusted basis of $350,000) to Harry, its sole shareholder. The land is subject to a liability of $120,000, which Harry...
A comic store began operations in 2018 and, although it is incorporated as a limited liability company, it decided to be taxed as a corporation. In its first year, the comic store broke even. In...

The following are circumstances when the auditor may consider it necessary to include an emphasis-of-matter paragraph, except:

Question:

Step by Step Answer:

Auditing Assurance Services And Forensics A Comprehensive Approach

Students also viewed these Business questions