Week 13 - Audit Report

Week 13 - Audit Report

Lecture Notes 1 - Click here

Self Test - | ST1 | ST2 | ST3 |

Week 13 

TEST 2 (15%)

Audit Report - Video Sir Syed | Notes | mindmap |

1. Types of audit report

• Unmodified audit report

2. Standard

3.Emphasis of matter paragraphs

• Modified audit report

4. Qualified opinion – “except for”

5. Adverse opinion

6. Disclaimer opinion

7. Components of an unmodified audit report

8. Departures from an unmodified audit report

• Inability to obtain sufficient appropriate audit evidence (qualified or disclaimer opinion)
• Financial statements are materially misstated (qualified or adverse opinion)