How is the scope paragraph of an auditor's report modified if the auditor's scope has been limited
Question:
How is the scope paragraph of an auditor's report modified if the auditor's scope has been limited so that a qualification is required? A disclaimer is required?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
When an auditors scope has been limited to the extent that qualification or disclaimer is necessary ...View the full answer
Answered By
Akshay Agarwal
I am a Post-Graduate with a specialization in Finance. I have been working in the Consulting industry for the past 8 years with a focus on the Corporate and Investment Banking domain. Additionally, I have been involved in supporting student across the globe in their academic assignments and always strive to provide high quality support in a timely manner. My notable achievements in the academic field includes serving more than 10,000 clients across geographies on various courses including Accountancy, Finance, Management among other subjects. I always strive to serve my clients in the best possible way ensuring high quality and well explained solutions, which ensures high grades for the students along-with ensuring complete understanding of the subject matter for them. Further, I also believe in making myself available to the students for any follow-ups and ensures complete support and cooperation throughout the project cycle. My passion in the academic field coupled with my educational qualification and industry experience has proved to be instrumental in my success and has helped me stand out of the rest. Looking forward to have a fruitful experience and a cordial working relationship.
5.00+
179+ Reviews
294+ Question Solved
Related Book For
Auditing An Assertions Approach
ISBN: 9780471134213
7th Edition
Authors: G. William Glezen, Donald H. Taylor
Question Posted:
Students also viewed these Business questions
-
TRUE-FALSE QUESTIONS 1. The primary reason for issuing an adverse audit opinion is that the client's financial statements contain a pervasive and material unjustified departure from GAAP. 2. An...
-
Multiple Choice 1. In which of the following situations would an auditor ordinarily issue an unqualified/ unmodified financial statement audit opinion with no explanatory ( or emphasis- of- matter/...
-
In the overwhelming majority of cases, independent auditors issue unqualified, rather than qualified, opinions for their publicly traded clients since it is unusual (though not rare): For a client's...
-
When dealing with a recession, governments may... a) increase spending b) raise taxes c) increase regulations d) decrease spending
-
Using the set-up in the proof of Theorem 8.20, explain why Then prove that bjj = bji, justifying the statement that the restriction of A to V¥ is represented by a symmetric matrix. -1 Ayy - y J,...
-
Find the steady-state vector. .7.1 .2
-
Kirlen Company manufactures soluble plant fertilizer. Department 1 mixes the chemicals required for the fertilizer. The following data are for the year: LO3 Beginning work in process = Units started...
-
CPT Inc. is a local manufacturer of conveyor systems. Last year, CPT sold over $2 million worth of conveyor systems that netted the company $100,000 in profits. Raw materials and labor are CPTs...
-
Use the information in Table 1-3. If the federal tax system was changed to a proportional tax rate structure with a tax rate of 17%, calculate the amount of tax liability for 2018 for all taxpayers....
-
Why should a scope limitation not be discussed in a footnote?
-
Discuss the forms an auditor's report may take as the result of a scope limitation.
-
Esther owns a large home on the East Coast. Her home is surrounded by large, mature oak trees that significantly increase the value of her home. In August 2013, a hurricane damaged many of the trees...
-
1. Assumethatlengthin Oreochromis variabilis (Victoria Tilapia) ispolygenicvaryingfrom30cmto50cm. A 30cm purebred parent is crossed with another purebred 50 cm individual and the resulting F 1...
-
1. Using appropriate examples, compare and contrast the genetic diversity of marine fish species with freshwater fish species (8 marks) 2. Your class went on a trip and discovered a crater lake on...
-
Find sin(29) given that cos(0) = and 0
-
Amazing Aquariums began as a class project on new business development. Now that the visionaries behind the idea have graduated, they want to explore their business idea and see if the concept could...
-
3. Modify the program of Example 05 so that, it takes and prints values using the following two functions respectively. void get (double *&a, int& n); void print (double *a, int n); 4. Following is a...
-
Describe how the matching of key information on supporting documents can help a company determine that its revenue transactions have not been duplicated.
-
For all of the following words, if you move the first letter to the end of the word, and then spell the result backwards, you will get the original word: banana dresser grammar potato revive uneven...
-
Kendra Massey is trying to decide how to invest a recent windfall inheritance. Because she considers herself a fashionista, her first thought was to look at two of her favorite stores, Nordstrom and...
-
Rajesh has trading income of 1 3 0 , 0 0 0 in the tax year. He also received building society interest of 3 , 7 5 0 and dividends of 4 0 , 0 0 0 . Required Calculate Rajesh's income tax liability.
-
The following information is also necessary to assist you in your decision. 1 One of the part-time salaried employees in Department A has been with the company for many years. If Department A is...
Study smarter with the SolutionInn App