In an unqualified audit report, the first three paragraphs are the introductory paragraph, scope paragraph, and opinion paragraph. Describe the purpose of each and list several items included in each.

3. Explain the difference between the work of the PCAOB and the ASB.

4. Explain the difference between the work of the EITF and FASB.

5. Provide a short description of the role that each of the following plays in the financial reporting process.

< FASB

< Big Four

< Unqualified audit opinion

< EDGAR

< Internal control