Question

Romello will have to issue an audit opinion on its clients. The parts of the unmodified opinion for are as follows.

a. introduction, management responsibility, audit committee, opinion

b. introduction, management discussion and analysis MDA, audit committee, opinion

c. introduction, management responsibility, auditor responsibility, opinion

d. management discussion and analysis MDA, auditor responsibility, management responsibility, audit committee

Answer 1

Romello will have to issue an audit opinion on its clients. The parts of the unmodified opinion for are as follows:

c. Introduction, management responsibility, auditor responsibility, opinion.

Introduction paragraph states that an audit was performed to distinguish the report from a compilation or review report.

Management Responsibility section states that the statements are the responsibility of management.

Auditor Responsibility section contains three paragraphs: (1) the auditor's responsibility is to express an opinion on the financial statements, (2) the audit was conducted in accordance with auditing standards generally accepted in the United States of America, and (3) the audit is designed to obtain reasonable assurance about whether the statements are free of material misstatement.

Opinion paragraph. This paragraph states the auditor's conclusions based on the results of the audit.