Types of auditor opinions

Assignment Help Auditing

Reference no: EM1354207

Auditors cannot say that the books have been done 100% correctly because they cannot possibly look over every part of them. They instead give an opinion based on a sampling of the information - if the samples check out then they can give an unqualified opinion - which is the best that you can get. What are some other types of opinions? Why would a company get one of those opinions?

Reference no: EM1354207

Questions Cloud

Describe the role that knowledge management : Explain and Research the academic databases for articles regarding Knowledge Management (KM). Describe the role that Knowledge Management

Organization structure and competing values model : Organization Structure and Competing Values Model - Explain what are the symptoms of a deficiency in the structure of an organization?

What is the charge on the upper sphere : At what position is the third bead in equilibrium? Can it be in stable equilibrium.

Major cultural conflicts and challenges : Identify their major cultural conflicts and challenges. Keep in mind that these are merely possibilities. We are using this exercise to brainstorm and work through ways that people may or may not interact and communicate.

Types of auditor opinions : Auditors cannot say that the books have been done 100% correctly because they cannot possibly look over every part of them. They instead give an opinion based on a sampling of the information

Determination of risky stock : Common stock A has an expected return of 10%, a standard deviation of future returns of 25%, and a beta of 1.25. Common stock B has an expected return of 12 percent, a standard deviation of future returns of 15 percent,

Show the groups influence behavior : Group structure - Groups influence behavior of their members and one of methods is group sanctioning. It consists of rewarding or punishing its members to enforce group standards.

Astor city audit standards : Astor City, a small city that is not required to have independent audit, voluntarily decided to have an audit of its financial records. Currently, the city generates $900,000 in revenues. Discuss any potential violations of the applicable audit sta..

What describe the distribution of national salary : What describe the distribution of national salary among labor and capital in a competitive, profit-maximizing economy with constant returns to scale.

User Account

All Pages