The audit report is the final step in the entire audit process. The standard unmodified audit report
Question:
The audit report is the final step in the entire audit process. The standard unmodified audit report is the common audit opinion. However, under certain circumstances, an unmodified audit report is inappropriate and an audit report other than an unmodified audit report has to be issued.
Required:
a. Comment why the standard unmodified audit report is sometimes called a clean opinion.
b. Discuss any TWO (2) types of audit reports together with audit opinion other than unmodified audit report.
c. For each of the following independent situations, suggest the type of audit report together with the audit opinion that you would issue and its justification.
i. Last year, the office of Usaha Jaya Sdn Bhd was caught on fire. As a result, all of its printed and softcopy business documentation and records related to transactions prior to the fire, have been destroyed.
Auditing A Practical Approach with Data Analytics
ISBN: 978-1119401742
1st edition
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton