Question
Match the type of audit report with the described situation. 1. Accounts receivable are misstated Choose A) Qualify or Disclaimer B) Qualify or Adverse C)
Match the type of audit report with the described situation.
1. Accounts receivable are misstated
Choose A) Qualify or Disclaimer B) Qualify or Adverse C) Unmodified D) Unmodified emphasis or Matter
Answer 1:
2. Auditor is not able to obtain evidence to support accounts receivable
Choose A) Qualify or Disclaimer B) Qualify or Adverse C) Unmodified D) Unmodified emphasis or Matter
Answer 2:
3. There is substantial doubt about the entities ability to continue as a going concern
Choose A) Qualify or Disclaimer B) B Qualify or Adverse C) Unmodified D) Unmodified emphasis or Matter Answer 3
4. A major subsequent event is properly disclosed
Choose E) Qualify or Disclaimer F) Qualify or Adverse G) Unmodified H) Unmodified emphasis or Matter
Answer 4
5. A major subsequent event where the conditions existed at the balance sheet date is disclosed, but no adjustment is made to the financial statements
Choose A) Qualify or Disclaimer B) B Qualify or Adverse C) Unmodified D) Unmodified emphasis or Matter
Answer 5:
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