Question: A sample audit report is provided in figure 1.2 in this chapter. A sample review engagement report is provided. Required (a) Explain the relevance of
Required
(a) Explain the relevance of the paragraphs "Management's responsibility for the financial statements" and "Auditor's responsibility" in the audit report to the audit expectation gap.
(b) Find the lines in the audit report that express the auditor's opinion. Is it an unqualified or modified audit opinion?
(c) Find the lines in the review report that express the auditor's conclusion. Is it an audit opinion? Is it a positive or negative statement?
(d) Make a list of the other differences between the audit report and the review report.
Step by Step Solution
3.44 Rating (173 Votes )
There are 3 Steps involved in it
a These paragraphs highlight to readers that the directors of the company and the auditors have sepa... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
787-B-A-A-P (1673).docx
120 KBs Word File
