Question
29. In which of the following instances would an auditor most likely issue a standard unqualified opinion WITHOUT an explanatory paragraph? a. Management disclosures are
29. In which of the following instances would an auditor most
likely issue a standard unqualified opinion WITHOUT an
explanatory paragraph?
a. Management disclosures are missing or inadequate.
b. There is substantial doubt about the entitys ability
to continue as a going-concern.
c. Due to staffing issues, the audit report was issued
later than in previous years.
d. There is an material deviation from GAAP related to
capitalizing repairs.
e. None of the above.
32. The practitioners report on agreed-upon procedures on an
entitys compliance with specific requirements should include
which of the following?
a. Identification of the responsible party
b. A statement that the practitioner believes the agree-upon
procedures provides a reasonable basis for his or her
opinion.
c. Negative assurance that control risk has not been
assessed.
d. A representation regarding the sufficiency of the
procedures.
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