How does the information in the IAASB's revised paragraphs compare to the information in the Basis for Opinion and Auditor's Responsibility sections in the standard unmodified opinion audit report example for a nonpublic company? (Select all that apply.)

A.

The ISA report includes a statement containing the auditor's conclusion that the audit evidence obtained provides a basis for the opinion issued. The unmodified opinion audit report for nonpublic entities does not include similar disclosures.

B.

While most of the auditor's responsibility paragraph is similar between the two reports, the unmodified opinion audit report for nonpublic entities includes an additional sentence indicating that the risk of not detecting a material misstatement arising from fraud is greater than the risk arising from an error due to the possibility of forgery or collusion, override of controls, intentional omissions of data, or misrepresentations.

C.

The ISA report includes a sentence explicitly stating that the auditor is independent and that the auditor has complied with the IESBA Code.

D.

The unmodified opinion audit report for nonpublic entities includes a description of what the audit entails, including the auditor's consideration of accounting policies, accounting estimates, and the overall presentation of the financial statements. The ISA report does not include this.

E.

While the wording differs between the two reports, both the ISA report and the unmodified opinion audit report for nonpublic entities recognize that the audit entails the performance of procedures to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by error or fraud.

F.

The ISA report explicitly notes that the auditor is not providing an opinion on internal control. The unmodified opinion audit report for nonpublic entities does not include similar disclosures.

G.

The ISA report notes that the audit was conducted in accordance with ISA standards rather than U.S. GAAS.

H.

The unmodified opinion audit report for nonpublic entities notes that the audit was conducted in accordance with ISA standards rather than U.S. GAAP.