Question
For each situation, do the following: a. Identify which of the conditions requiring a deviation from a standard unmodified opinion audit report is applicable, if
| For each situation, do the following: | ||||
| a. | Identify which of the conditions requiring a deviation from a standard unmodified opinion audit report is applicable, if any. | |||
| b. | State the level of materiality as immaterial, material, or highly material. If you cannot decide the level of materiality, state the additional information needed to make a decision. | |||
| c. | Given your answers in parts a. and b., state the appropriate audit report from the following alternatives (if you have not decided on one level of materiality in part b., state the appropriate report for each alternative materiality level): | |||
| (1) | Unmodified opinionstandard wording | (4) | Qualified opinionGAAP departure | |
| (2) | Unmodified opinionexplanatory paragraph | (5) | Qualified opinionscope limitation | |
| (6) | Disclaimer | |||
| (3) | Unmodified opinionnonstandard report wording | (7) | Adverse | |
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Analysis Of Financial Data
Authors: Gary Koop
1st Edition
0470013214, 978-0470013212
