Reference no: EM132807429

Problem 1: Which of the following must accompany an unaudited financial report which is prepared by an auditor?

Select one:

Option 1: Either a disclaimer of opinion or a qualified opinion.
Option 2: Either a disclaimer of opinion or adverse opinion.
Option 3: None of the given answers.
Option 4: Only a disclaimer of opinion.

Problem 2: An auditor reconciles the total of the accounts receivable subsidiary ledger to the general ledger control account, as at 30 June 2019. By this procedure, the auditor would be most likely to learn of which of the following?

Select one:

Option 1: An account balance is past due and should be written off
Option 2: An April invoice was improperly computed
Option 3: An April cheque from a customer was posted in error to the account of another customer with a similar name
Option 4: An opening balance in a subsidiary ledger account was improperly carried forward from the previous accounting period