Question

The emphasis of matter paragraph in an audit report would normally refer to the fact that the auditor’s opinion is:

		an adverse opinion.
		a disclaimer of opinion.
		qualified in this respect.
		unqualified in this respect.

An adverse opinion is most likely to be appropriate when there is:

		a scope limitation.
		a misstatement confined to a specific item.
		a disagreement with those charged with governance which is material and pervasive.
		inconsistent other information.

Which of the following is not correct about inherent limitations of an audit?

		Audit testing of selective samples.
		Forming professional judgements in highly specialised areas.
		Time lapse between the balance date and the presentation of the audit report.
		None of the above.

Answer 1

The emphasis of matter paragraph in an audit report would normally refer to the fact that the auditor’s opinion is: unqualified in this respect.

An adverse opinion is most likly to be appropriate when there is: a disagreement with those charged with governance which is material and pervasive.

Inherent limitations of an audit contains, Audit testing of selective samples, Forming professional judgements in highly specialised areas, Time lapse between the balance date and the presentation of the audit report. Hence answer is None of the above