What are the different types of modified audit opinions

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Reference no: EM132974258

QUESTIONS

1: Outline the contents of a general purpose financial report.

2: What are the contents of an unmodified auditor's report? Explain each section.

3: Explain what a 'key audit matter' is and under what circumstances it should be included in the auditor's report.

4: What are the different types of modified audit opinions? Explain each type.

5: Under what circumstances may the auditor decide to include an 'emphasis of matter' section in the auditor's report"

6: What is the difference between an unmodified auditor's opinion and a modified auditor's opinion?

7: Is materiality the only consideration for an auditor deciding whether to qualify the audit opinion?

8: What does each of the modified types of auditor's opinions mean to users wanting to rely on the financial report?

9: What circumstances may give rise to (1) an adverse opinion and (2) a disclaimer of opinion?

10: What might constitute 'other matters' on which an auditor may be required to report?

Reference no: EM132974258

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