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Flashcards in Introduction to audit reports Deck (4)
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1
Q

replaced _____with_____

A

unqualified with unmodified. It is now called Unmodified

2
Q

replaced _____with_____

A

unqualified with unmodified. It is now called Unmodified

3
Q

old audit report consisted of intro,scope, opinion paragraph. the structure of the new unmodified audit report consists of

A

title
addressed to someone
body of the report
intro sentence-nature and specific financials involved
managements responsibility
auditors responsibility-3 paragraphs
opinion
signature (firms name)
city and state of office
dated (what ever moment in time firm concludes sifficient aappropriate audit evidence as basis for conclusions)

4
Q

study audit report in text

A

do it