In: Accounting
From the following questions, please choose one of these three corresponding answers as a match:
* Opinion modified as a result of a scope limitation
* Opinion modified as a result of a misstatement
* Unmodified opinion
Questions:
1. The auditor did not receive management's personal financial statements.
2. During the period audited, the client changed its accounting policy for recognition of bad debt expense from the allowance method to the direct write-off method.
3. The auditor did not receive the audited financial statements of a clients subsidiary.
4. The client's legal counsel refused to respond to the auditor's letter of inquiry.
5. The client's current-year income statement includes amortization expense of goodwill.
6. The CEO of the client refuses the auditor access to minutes of board directors meetings.
1. The auditor did not receive management's personal financial statements.
Opinion modified as a result of a scope limitation
2. During the period audited, the client changed its accounting policy for recognition of bad debt expense from the allowance method to the direct write-off method.
UNMODIFIED OPINION
3. The auditor did not receive the audited financial statements of a clients subsidiary.
Opinion modified as a result of a scope limitation
4. The client's legal counsel refused to respond to the auditor's letter of inquiry.
Opinion modified as a result of a misstatement IF MATTER IN QUESTION IS NOT A SIGNIFICANT MATTER IN THE OPINION OF THR AUDITOR BUT IF ITS ABOUT A SIGNIFICANT MATTER THEN THE AUDITOR CAN EXPRESS Opinion modified as a result of a scope limitation
5. The client's current-year income statement includes amortization expense of goodwill.
Opinion modified as a result of a misstatement
6. The CEO of the client refuses the auditor access to minutes of board directors meetings.
Opinion modified as a result of a misstatement