Question

The following four situations require a modification to the standard unqualified/unmodified audit report. Identify the modification...

The following four situations require a modification to the standard unqualified/unmodified audit report. Identify the modification required for each.

Opinion based in part on the report of another auditor.

Going concern.

Lack of consistency.

Additional emphasis.

Business   Accounting   
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Answer #1
a.This situation results in a modification of the wording for the introductory, scope and opinion paragraphs included in the standard unqualified/unmodified report.
b.This situation results in an explanatory/emphasis-of-matter paragraph found after the opinion paragraph
c.This situation results in an explanatory/emphasis-of-matter paragraph found after the opinion paragraph
d.This situation results in an explanatory/emphasis-of-matter paragraph found after the opinion paragraph
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