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select an option for each of the questions! In conducting the audit of Tow Truck, Inc., Mechanized CPAs consulted an auditor's external specialist regarding certain

select an option for each of the questions!

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In conducting the audit of Tow Truck, Inc., Mechanized CPAs consulted an auditor's external specialist regarding certain assertions made by management in the financial statements. Select from the option list provided the most accurate statement regarding the use of the work of the specialist. Each choice may be used once, more than once, or not at all. Please note that each situation is independent of the other situations. Select an option below This is an appropriate reporting practice. This is an inappropriate reporting practice. This may be an appropriate reporting practice. Situation Answer 1. As a result of the specialist's findings regarding the valuation of Tow Truck's vehicles, Mechanized added an emphasis-of-matter paragraph describing the issue and also referring to the specialist's finding in the audit report. The opinion was unmodified. 2. In preparing the audit report, the auditor for Tow Truck referred to the specialist to indicate a division of responsibility. 3. Mechanized wants to use the work of an auditor's specialist that has a contractual relationship with Tow Truck to help support the auditor's opinion. 4. Mechanized expressed an unmodified opinion on Tow Truck's financial statements. Because the work of the specialist provided Mechanized with greater assurance of reliability, Mechanized wants to refer to and identify the specialist in the report. 5. Mechanized expressed a qualified opinion as a result of the work of the auditor's specialist and wants to refer to the specialist in the report

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