The auditor's opinion is expressed in reference to the financial report as a whole. This means that

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The auditor's opinion is expressed in reference to the financial report as a whole. This means that the auditor must:

A. Not be overly concerned about individual amounts on the financial report.

B. Consider whether the firm has made a profit or a loss.

C. Consider whether the report creates an impression that is consistent with the auditor's intimate knowledge of the entity and its financial condition.

D. Decide whether the statements are a complete financial report as required by accounting standards.

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Modern Auditing And Assurance Services

ISBN: 9781118615249

6th Edition

Authors: Philomena Leung, Paul Coram, Barry J. Cooper, Peter Richardson

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