Essay
The following four situations require a modification to the standard unqualified audit report for public companies. Identify the modification required for each.
a. Opinion based in part on the report of another auditor.
b. Going concern.
c. Lack of comparability.
d. Emphasize a matter.
Correct Answer:

Verified
a. This situation results in a modificat...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q22: If a public company issues financial statements
Q23: Which of the following would not require
Q24: A change in accounting estimate is an
Q25: When an auditor reports on financial statements
Q26: In the auditor's report, the principal auditor
Q28: When are an auditor's reporting responsibilities not
Q29: A special report related to compliance with
Q30: When audited financial statements are presented in
Q31: Changes that affect comparability but that do
Q32: In the first audit of an entity,