Question: Question 5 Audit Opinion and Reporting - 20 Marks Audit Opinion and Reporting Differentiate between adverse opinion and disclaimer of opinion. For each type of

Question 5 Audit Opinion and Reporting - 20 Marks

Audit Opinion and Reporting

Differentiate between adverse opinion and disclaimer of opinion. For each type of opinion, give an example of a situation in which the auditor will provide it.

Differentiate between current year misstatements and prior year misstatements. When aggregate uncorrected misstatements are material, suggest two actions that the auditor should take.

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