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Determine and identify the type of auditors report

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Main Insurance is a reporting entity. Ms Pit is the finance director and refuses to adopt AASB 124/IAS 24 - Related Party Disclosures because the standard 'requires information to be disclosed to the public that should stay familiar only to the concerned parties'. This was Ms Pit's point of view in the previous years, which resulted in your issuing a modified auditor's report. Apart from the non-compliance with AASB 124/IAS 24, you have been satisfied that the current financial report is materially correct in all regards

Question 1: Identify the type of auditor's report to be issued for each of the above situations and Justify your answer by discussing the relevant audit issues you have considered in forming your opinion.

Reference no: EM132469069

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