Audit Reports Paper

Question # 00772121 Posted By: dr.tony Updated on: 07/29/2020 07:31 AM Due on: 07/29/2020
Subject Education Topic General Education Tutorials:
Question
Dot Image

Audit Reports Paper

Referencing the textbook (Auditing: A Risk-based Approach, 11th edition) and the readings, write a three to five page double-spaced report discussing:

1. The different types of audit reports that can be issued explaining the form and content and why they are issued:

a. Standard unqualified (unmodified) audit reports on financial statements and when it is issued, an unqualified report with explanatory language describing a justified departure from U.S. GAAP, an unqualified report with substantial doubt about the client being a going concern, and an unqualified report with emphasis of important matter. 

b. Qualified opinion reports.

c. Adverse opinion reports.

d. Disclaimer of opinion reports.

2. Does this mean that publicly traded companies always "do things right" and what are the implications of a qualified or an adverse opinion for a publicly traded company? Do non-public entities receive opinions other than unqualified?

3. Paraphrase the opinion paragraph for an unqualified, qualified, adverse, and disclaimer of opinion report.

Submit your completed assignment to the Assignments folder by the date specified by your facilitator.

Dot Image
Tutorials for this Question
  1. Tutorial # 00771593 Posted By: dr.tony Posted on: 07/29/2020 07:32 AM
    Puchased By: 2
    Tutorial Preview
    The solution of Audit Reports Paper...
    Attachments
    Audit_Reports_Paper.ZIP (18.96 KB)

Great! We have found the solution of this question!

Whatsapp Lisa