Which of the following is not included in the standard (unmodified) report on the financialstatements?a. An identification of the financial statements that were audited.b. A general description of an audit.c. An opinion that the financial statements present financial position in accordance withGAAP.d. An emphasis-of-matter paragraph commenting on the effect of economic conditions onthe entity
Which of the following is not included in the standard (unmodified) report on the financialstatements?a. An identification of the financial statements that were audited.b. A general description of an audit.c. An opinion that the financial statements present financial position in accordance withGAAP.d. An emphasis-of-matter paragraph commenting on the effect of economic conditions onthe entity
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter1: Auditing: Integral To The Economy
Section: Chapter Questions
Problem 16MCQ
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Question
Which of the following is not included in the standard (unmodified) report on the financial
statements?
a. An identification of the financial statements that were audited.
b. A general description of an audit.
c. An opinion that the
GAAP.
d. An emphasis-of-matter paragraph commenting on the effect of economic conditions on
the entity
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