What would cause the auditor to need to issue a disclaimer of opinion?
Question:
What would cause the auditor to need to issue a disclaimer of opinion?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
If the impact of the scope restriction is pervasive an...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Auditing An International Approach
ISBN: 978-1259087462
7th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
Question Posted:
Students also viewed these Business questions
-
What is implied by stating an opinion that the financial statements fairly present a companys financial position at period-end and its performance and cash flows for the period then ended?
-
What conditions would result in an auditor issuing an adverse opinion? What is the message being communicated to readers by an adverse audit opinion?
-
The auditor is required to communicate with those charged with governance, usually an audit committee, regarding the significant audit findings and the planned form of audit report prior to their...
-
The population (in millions) of a country in 2015 and the expected continuous annual rate of change k of the population are given. (a) Find the exponential growth model P = Ce kt for the population...
-
Name a ketose and another aldose that form the same osazone as a. D-ribose b. D-altrose c. L-idose d. D-galactose
-
The velocity v of an object falling under the influence of gravity in terms of its initial velocity v 0 , the acceleration due to gravity g, and the height h fallen is given by Solve for h. v = v +...
-
True or False: If MARR \(=10 \%\) and IRR \(=9 \%\), then ERR \( <10 \%\) and \(\mathrm{PW}>\$ 0\).
-
Mary Willis is the advertising manager for Bargain Shoe Store. She is currently working on a major promotional campaign. Her ideas include the installation of a new lighting system and increased...
-
Problem 3 For a multiple linear regression model with 4 variables, where ~ Y = Bo+B1X1 + B2X2 + 3X3 + B4X4 + , N(0,2), what is the test statistic for each of the following tests? and what is the...
-
Assume an ISP uses three leaky buckets to regulate data received from three customers for transmitting to the Internet. The customers send fixed-size packets (cells). The ISP sends 10 cells per...
-
What impact does a scope limitation on obtaining evidence about the ending inventory have on the auditors opinion?
-
What are two causes of misstatements?
-
Define the free energy G. How is G related to H and S?
-
In January 2019, Leon McLeod received a gift of a beach cottage valued at $250,000 from his great-uncle who owned a number of such buildings. The cottage was rented each year to college students who...
-
What is the adjustment that must be made to taxable income in computing alternative minimum taxable income for 2019, assuming that an individual purchased an office building on January 8 for $400,000?
-
Steven Spokesman, a high school teacher in - a local school district, was fired for publicly criticizing the local school district. The court ruled that Steven's freedom of speech had been violated...
-
On September 23, 2019, Mary Jones bought an annuity contract for $22,050 that will give her $125 a month for life, beginning October 30. Mary is 61 years old. Determine the exclusion ratio and the...
-
Assume the same facts as in Problem 31, except that in January 2020, because of a cost-of-living increase, Don's annuity payment was increased to $175 per month. Determine the amount of the 2020...
-
Use. Refer to Exercise 4.112. In E 4.112 The Federal Highway Administration compiles information on motor vehicle use around the globe and publishes its findings in Highway Statistics. Following is a...
-
1) Predict the organicproduct formed when BzCl reacts with cyclohexanol. BzCl = benzoylchloride. 2) Provide the majororganic product of the reaction below. 3) Draw the structureof the product formed...
-
What is meant by a predictable relationship when considering using ADA as a substantive analytical procedure?
-
Describe what is meant by the IT dependency of a control activity. Why is it important for an auditor to understand this concept before testing the control activity for operating effectiveness?
-
Describe how an auditor may use ADA in performing preliminary analytical procedures.
-
What are the four critical areas in which employees should have pride, enjoyment, trust, and benefit to enable high morale?
-
Your problem statement assignment will include the following: A brief, yet clear and explicit description of the organization. A description of the problem being observed or experienced in the...
-
What is the main responsibility of prompt engineers?
Study smarter with the SolutionInn App