At the conclusion of an audit engagement, the audit firm issues a report with their opinion. Discuss the

following items related to the audit report/opinion:

What is the significance of the audit report date?

What are the three types of opinions that the auditor can choose from? (Hint: one of them is

"Unqualified")

What is an "emphasis of a matter"?

Under what circumstances would an auditor issue a "disclaimer"?

What is meant by "going concern"? How should an auditor deal with a potential going concern

issue?