Question
Please answer: Type of Opinion: Alteration for Nonpublic Report: Alteration for Public Report: ________________________________________________________________________________________________________________________________ Additional Information: For this situation assume: The auditor is independent. The
Please answer:
Type of Opinion:
Alteration for Nonpublic Report:
Alteration for Public Report:
________________________________________________________________________________________________________________________________
Additional Information:
For this situation assume:
The auditor is independent.
The auditor previously expressed an unmodified opinion on the prior years financial statements.
The nonpublic audit client is presenting single-year (not comparative) financial statements.
The conditions for an unmodified opinion exist unless contradicted in the factual situations.
The conditions stated in the factual situations are material.
No report modifications are to be made except in response to the factual situation.
The Report Alteration part of the problem only addresses the need to add an additional section or a paragraph to an existing section. Other parts of the audit report may be affected that are not examined in this question.
In auditing the long-term investments account, an auditor is unable to obtain audited financial statements for an investee located in a foreign country. The auditor concludes that sufficient appropriate audit evidence regarding this investment cannot be obtained. Types of Opinions Report Alteration A. Unmodified H. Add a section preceding the Opinion section. B. Qualified I. Add a section immediately following the Opinion section. C. Adverse J. Add a section at a point following the Basis for Opinion section. D. Disclaimer K. Add a paragraph to the Opinion section. E. Qualified or adverse L. Add a paragraph to the Basis for Opinion section. F. Qualified or disclaimer M. Issue unmodified report without alteration. G. Disclaimer or adverse
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