Exam 12: Completing and Reporting on the Audit

An auditor may prepare or provide an opinion on information other than general purpose financial statement information, on all the following engagements except:

A subsequent event occurs:

Explain the difference between type 1 and type 2 subsequent events and provide examples of each type of event.

Ron Nucci is trying to gather sufficient appropriate evidence. Which of these are factors to consider in evaluating the sufficiency and appropriateness of audit evidence?

Material disagreements with management will result in either:

The final phase of an audit includes which of the following?

When an error or exception is identified during substantive testing, the first response is to:

A limitation on the scope of the auditor's work could result from an inability to perform procedures or an imposition by the entity.

Which of the following are included in the main components of the auditor's report?

The auditor's report will not require a modified opinion where:

Subsequent events procedures are normally performed through to and including the date of the auditor's report.

A type 1 subsequent event provides evidence with respect to conditions that developed subsequent to year-end.

Management's responsibilities for the financial statements do not include which of the following?

If it is not possible to obtain sufficient appropriate audit evidence, the auditor should:

Which of the following would not be included in an audit report?