S1: PSA 700 requires a strict order of the elements of an independent auditor's report S2: All audit reports should have a Key Audit Matters paragraph in accordance with PSA 701. S3: PSA 710 defines corresponding figures as amounts and disclosures included in the financial statements in respect of one or more prior periods in accordance with the applicable financial reporting framework O S1 and S2 are true O S2 and S3 are true O All statements are true O All statements are false
S1: PSA 700 requires a strict order of the elements of an independent auditor's report S2: All audit reports should have a Key Audit Matters paragraph in accordance with PSA 701. S3: PSA 710 defines corresponding figures as amounts and disclosures included in the financial statements in respect of one or more prior periods in accordance with the applicable financial reporting framework O S1 and S2 are true O S2 and S3 are true O All statements are true O All statements are false
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter15: Audit Reports For Financial Statement Audits
Section: Chapter Questions
Problem 4CYBK
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S1: PSA 700 requires a strict order of the elements of an independent auditor's report S2: All audit reports should have a Key Audit Matters paragraph in accordance with PSA 701. S3: PSA 710 defines corresponding figures as amounts and disclosures included in the financial statements in respect of one or more prior periods in accordance with the applicable financial reporting framework
O S1 and S2 are true
O S2 and S3 are true
O All statements are true
O All statements are false
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