A sample audit report is provided in figure 1.2 in

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 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.
Audit Report
The audit report is issued by a certified public accountant who is appointed by the shareholders to provide assurance upon the truth and fairness of the financial statements prepared by the managers of the company. Audit report contains the...