Question: How would the auditor's opinion differ if the financial statements of a company that was a foreign private issuer were prepared in conformity with IFRS

How would the auditor's opinion differ if the financial statements of a company that was a foreign private issuer were prepared in conformity with IFRS and filed with the SEC rather than prepared in conformity with U.S. GAAP? What other differences exist in the standard audit reports issued in international jurisdictions?

Step by Step Solution

3.41 Rating (198 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The primary difference would be in the opinion paragraph where the auditor would refer to the approp... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1135-B-A-A-A-B-R(2072).docx

120 KBs Word File

Students Have Also Explored These Related Auditing Questions!