Which of the following is not one of the five situations in which an auditor may...

Which of the following is not one of the five situations in which an auditor may choose to issue an unqualified audit report with explanatory language?

Select one:

a. inconsistent application of GAAP

b. reference to other auditors

c. a justified departure from GAAP

d. lack of independence by the auditor

Solutions

Expert Solution

d. lack of independence by the auditor

There are five situations in which an auditor may choose to issue an unqualified audit report with explanatory language. Explanatory language would be used to explain the following:

A justified departure from GAAP

Inconsistent application of GAAP

Substantial doubt about the client being a going concern

The emphasis of some matter, such as unusually important subsequent events, risks, or uncertainties associated with contingencies or significant estimates

Reference to other auditors

ekkarill92 answered 1 year ago

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