Question

At the end of her audit of Jolie Angelique Inc., Emma concludes that there are material misstatements affecting many accounts, with the result that the financial statements as a whole are misleading. The company’s management refuses to adjust the financial statements, however.

Required:
a. List the four forms of modified audit opinions set out in CAS 705.
b. Explain which form of audit opinion would be appropriate in this situation.



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  • CreatedJanuary 09, 2015
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