Multiple Choice
In addition to the requirements of ASA and the ISA standards, the Corporations Act also prescribes the auditor's reporting duties. Which of the following does not constitute one of those duties?
A) forming an opinion on whether the financial statements are presented fairly.
B) forming an opinion as to whether financial records have been kept to enable the preparation and audit of the financial statements
C) forming an opinion that all information, explanation and assistance necessary for the conduct of the audit have been provided.
D) forming an opinion that the records and registers have been kept as required by law
Correct Answer:
Verified
Correct Answer:
Verified
Q2: An adverse opinion is most likely to
Q3: i. The law requires the disclosure and
Q4: Section 302.of the Corporations Act prescribes that
Q5: ASA 700 provides explanatory guidance on all
Q6: Which of these factors could not be
Q8: Which of these items does not form
Q9: Comparatives refer to amounts or disclosures of
Q10: A standard unqualified audit report is not
Q11: The auditor of a reporting entity for
Q12: The emphasis of matter paragraph in an