Question: QUESTION 3 (35 MARKS) The reporting principle requires auditors to express their opinion through the issuance of a written report. Required: What is the purpose

QUESTION 3 (35 MARKS)

The reporting principle requires auditors to express their opinion through the issuance of a written report.

Required:

What is the purpose of the auditors' opinion and report?

(8 marks) (CLO3:PLO4:C3)

2. What are the major paragraph(s) in the auditors' report on the examination of a public entity?What are the major contents of each of these paragraphs?

(9 marks)(CLO3:PLO4:C3)

3. What are the fourtypes of opinions that auditorscan issue?

(9 marks) (CLO3:PLO4:C3)

4. How does the concept of materiality influence the auditors' report?

(9 marks) (CLO3:PLO4:C3)

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