From the following questions, please choose one of these three corresponding answers as a match: *...

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.

Solutions

Expert Solution

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

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

Please choose three questions from the following options. This should be in essay form and typed....

Please choose three questions from the following options. This should be in essay form and typed. Double spaced. 12-point font. Utilize the MLA Format when citing your work. Answer the following questions completely. Define the terms and theories and make the necessary connections to the real world. I am looking for real life and professional connections. These answers must be well thought out and substantiated. Make sure that you underline the term that you are defining and give a thorough...

Match the following answers to the corresponding question concerning respiratory chemistry. define hemoglobin saturation what part...

Match the following answers to the corresponding question concerning respiratory chemistry. define hemoglobin saturation what part of the heme unit of hemoglobin does oxygen bond tond to what does it mean for hemoglobin to be 100% saturated? under normal conditions, what is hemoglobin saturation if blood PO2 is 40 mm Hg? under normal conditions, what is hemoglobin saturation if blood PO2 is 60 mm Hg? What PO2 will provide 100% saturation? What will happen to your blood pH in the...

Please choose from one of the following questions. 1. You have been offered a reasonably lucrative...

Please choose from one of the following questions. 1. You have been offered a reasonably lucrative opportunity for an expatriate assignment for the next three years., and your boss will have a meeting with you next week. What would you discuss with your boss? 2. As an HR director for an oil company, you are responsible for selecting 15 expatriates to go to work in Iraq. However, you are personally concerned about their safety there. How do you proceed? 3....

Match the letter corresponding to one of the basic elements of accounting to each of the...

Match the letter corresponding to one of the basic elements of accounting to each of the accounts below: A = AssetL = LiabilityOE = Owner's Equity 1. Rent Expense__________6. Cash__________ 2. Office Equipment__________7. Insurance Expense__________ 3. Accounts Payable__________8. Owner’sWithdrawals__________ 4. Owner’s Capital__________9. Service Revenue__________ 5. Accounts Receivable__________10.Prepaid Insurance__________ For the accounts listed below, indicate if the normal balance of the account is a debit (DR) or a credit (CR). 1. Service Revenue__________6. Office Supplies__________ 2. Rent Expense__________7. Insurance Expense__________ 3....

Please choose one of the following questions to answer and share your understanding of the concept...

Please choose one of the following questions to answer and share your understanding of the concept of a specific subject. It is highly recommended that you read all questions carefully to select one, and a minimum number of words in your post is at least 60. What is wrong with this statement? Demand refers to the willingness of buyers to purchase different quantities of a good at different prices during a specific time period. What is the difference between demand...

home / study / social sciences / psychology / psychology questions and answers / please choose...

home / study / social sciences / psychology / psychology questions and answers / please choose true or false. i. children are the most exploited of oppressed people. 2. developing ... Your question has been answered Let us know if you got a helpful answer. Rate this answer Question: Please Choose True or False. I. Children are the most exploited of oppressed people. 2. Developin... Please Choose True or False. I. Children are the most exploited of oppressed people. 2....

For the following 6 questions, select one of the answers from below and place the letter...

For the following 6 questions, select one of the answers from below and place the letter in the blank next to the question. - A. B. C. D. E. F. This method uses text as the data. - A. B. C. D. E. F. This method uses multiple sources of...

The following question has4 answers. Please choose the appropriate answers. Which are the phases of wound...

The following question has4 answers. Please choose the appropriate answers. Which are the phases of wound healing? (Select all that apply). a. Hemostasis b. Inflammation c. Maturation d. Reconstruction e. Granulation

As it relates to the issue of Censorship, match the following acts to the corresponding form...

As it relates to the issue of Censorship, match the following acts to the corresponding form of Censorship. 1.Government Monopolization A. A book is not allowed to be available in a country. 2. Self-Censorship B. You-tube removes content because someone complained 3. Pre-Publication Review C. Some governments have tight control over what the people can access on the internet. 4. Licensing and registration D. A license to publish a newspaper is denied Match the following!

Section One: Write a review of “Dirigible Dreams” that answers the following three questions: 1) What...

Section One: Write a review of “Dirigible Dreams” that answers the following three questions: 1) What was the purpose of the book? 2) Did the author successfully complete the purpose of the book or did he accomplish less than the purpose? Thoroughly explain your positions and reference sections of the book that support your comments. 3) Did you find “Dirigible Dreams” useful in understanding the development of transportation (or not)? Be explicit, offer examples, and tell me what you liked...

Subjects