Question
Which type of audit report (unqualified, qualified, adverse, disclaimer of opinion) should the auditors generally issue in each of the following situations? EXPLAIN! 1. Client
Which type of audit report (unqualified, qualified, adverse, disclaimer of opinion) should the auditors generally issue in each of the following situations? EXPLAIN!
1. Client imposted restrictions significantly limit the scope of the auditors procedures.
2. The auditors decide to make reference to the report of another CPA firm as a basis, in part, for the auditors opinion.
3. The auditors believe that the financial statements have been presented in conformity with generally accepted accounting principles in all respects, except that a loss contingency that should be disclosed through a note to the financial statements is not included.
4. A client has departed from GAAP for what you consider to be justified reasons, as following GAAP would result in misleading finanical statements.
5. A clientts finanical statements follow GAAP, but you wish to emphasize a significant related party transaction in the audit report
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