The following types of audit opinions can be issued by an auditor when reporting on a clients

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The following types of audit opinions can be issued by an auditor when reporting on a client’s financial statement. Briefly describe each type of opinion and give 2 examples of a situation in which a company would be issued such an opinion.

(1) Unmodified opinion —standard.

(2) Unmodified opinion with an emphasis-of-matter paragraph.

(3) Unmodified opinion with an other-matter paragraph.

(4) Unmodified opinion with divided responsibility on group financial statements.

(5) Qualified opinion.

(6) Adverse opinion.

(7) Disclaimer of opinion.

Posted Date: Dec 11, 2021 08:53 PM

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The following types of audit opinions can be issued by an auditor when reporting on a clients

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1 An unmodified opinion implies thatthe auditor was satisfied with the financial statements audited This means that the statements met the requirement... View the full answer

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