Question

1- Audit report start with: a- auditor’s report                 b- auditor’s opinion              c-

1- Audit report start with:

a- auditor’s report                 b- auditor’s opinion              c- date        d- none of the above             

2- The audit report is addressed to:

a- the shareholders             b- the stakeholders           c- audit firm        d- none of the above             

3- Audit report is started with:

a- auditor’s report             b- auditor’s opinion                  c- date        d- none of the above             

4- The end of audit report is:

    a- auditor’s opinion     b- sign of auditor and date     c- auditor responsibility    d- none of the above             

5- Unqualified audit opinion is:

a- clean opinion     b- the FS present fairly      c- the FS do not present fairly        d- a & b             

6- Qualified audit opinion is:

        a- clean opinion               b- the FS present fairly except .…        c- the FS do not present fairly  

        d- none of the above             

Business   Accounting   
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Homework Answers

Answer #1

1. Answer is a- Auditor's Report
It begins with Auditor's Report as it is the title for the report.

2. Answer is a. the shareholders
Shareholders are the owners of the company, so auditor addresses their report to shareholders.

3. Answer is b. Auditor's opinion
Auditor report is started with auditor expressing their opinion on the financial statements of the company.

4. Answer is b. sign of auditor and date
At the end of the report auditor puts its signature and mention the place.

5. Answer is d-a&b
Unqualified opinion is also known as clean opinion in which it is stated that FS present fairly.

6. Answer is b -the FS present fairly except .…
Qualified opinion is whenthere are some exceptions.

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