Homework answers / question archive / Explain the components of the standard unqualified/unmodified audit report for public and private companies

Explain the components of the standard unqualified/unmodified audit report for public and private companies

Accounting

Share With

Explain the components of the standard unqualified/unmodified audit report for public and private companies.

Evaluate situations requiring an additional paragraph in the unmodified report on the financial statements.

Discuss modifications required to the auditor’s report on the financial statements when the opinion is based in part on the report of another auditor.

Evaluate situations requiring a departure from an unmodified opinion on the financial statements.