![EBK AUDITING+ASSURANCE SERVICES](https://www.bartleby.com/isbn_cover_images/9780135171219/9780135171219_largeCoverImage.gif)
EBK AUDITING+ASSURANCE SERVICES
17th Edition
ISBN: 9780135171219
Author: ARENS
Publisher: PEARSON CO
expand_more
expand_more
format_list_bulleted
Question
Chapter 3, Problem 22.2MCQ
To determine
Identify the correct answer for the given statement.
Expert Solution & Answer
![Check Mark](/static/check-mark.png)
Want to see the full answer?
Check out a sample textbook solution![Blurred answer](/static/blurred-answer.jpg)
Students have asked these similar questions
In an adverse opinion is expressed on the audited FS, the auditor shall express a disclaimer ofopinion on the summary FS because it is inappropriate to do so.
True or False?
Which of the following situations will
not result in modification of the
auditor's report because of a scope
limitation? *
O Inadequacy in the accounting records.
O Restriction imposed by the client.
Inability to obtain sufficient
appropriate evidential matter.
Reliance placed on the report of
another auditor.
What will the auditor do in respect of misstatement which in his opinion are immaterial?
a.
Give unmodified/unqualified opinion.
b.
Can’t form an opinion
c.
Give modified/qualified opinion
d.
Give an adverse opinion
Chapter 3 Solutions
EBK AUDITING+ASSURANCE SERVICES
Ch. 3 - Prob. 1RQCh. 3 - Prob. 2RQCh. 3 - Prob. 3RQCh. 3 - Prob. 4RQCh. 3 - Prob. 5RQCh. 3 - Prob. 6RQCh. 3 - Prob. 7RQCh. 3 - Prob. 8RQCh. 3 - Prob. 9RQCh. 3 - Prob. 10RQ
Ch. 3 - Prob. 11RQCh. 3 - Prob. 12RQCh. 3 - Prob. 13RQCh. 3 - Prob. 14RQCh. 3 - Distinguish between a report qualified due to a...Ch. 3 - Prob. 16RQCh. 3 - Prob. 17RQCh. 3 - Prob. 18RQCh. 3 - Prob. 19RQCh. 3 - Prob. 20.1MCQCh. 3 - Prob. 20.2MCQCh. 3 - Prob. 20.3MCQCh. 3 - Prob. 21.1MCQCh. 3 - Prob. 21.2MCQCh. 3 - Prob. 21.3MCQCh. 3 - Prob. 22.1MCQCh. 3 - Prob. 22.2MCQCh. 3 - Prob. 22.3MCQCh. 3 - Prob. 23DQPCh. 3 - Prob. 24DQPCh. 3 - Prob. 25DQPCh. 3 - Prob. 26DQPCh. 3 - Prob. 28DQPCh. 3 - Prob. 29DQP
Knowledge Booster
Similar questions
- The audit procedure used for a substantive test determines whether an auditor identifies a factual or judgmental misstatement. True Falsearrow_forwardThe "other information" is included in the audit opinion, or is it excluded? Justify your choice.arrow_forwardHow does the auditor’s opinion differ between scope limitationscaused by client restrictions and limitations resulting from conditions beyond the client’scontrol? Under which of these two will the auditor be most likely to issue a disclaimer ofopinion? Explain.arrow_forward
- What type of situation would require an auditor to give an unmodified opinion without a standard report. Why would their opinion have to be modified?arrow_forwardIf a material exception relates to a departure from PFRSs, the auditor may issue either: A. Unmodified and modified opinion B. Adverse and qualified opinion C. Adverse and disclaimer opinion D. Qualified and disclaimer opinionarrow_forwardWhich of the following does NOT describe sufficient appropriate audit evidence? O appropriateness relates to the quality of evidence O the quality of evidence affects the quantity required O sufficiency relates to the quantity of evidence O the sufficiency of evidence is a matter of professional scepticismarrow_forward
- How is the auditors’ standard (unmodified) report modified for qualified or adverse opinionsissued as a result of departures from GAAP?arrow_forwardThe attorney's refusal to reply to the audit inquiry is a scope limitation that may affect the audit report. True Falsearrow_forwardWhat type of audit opinion is expressed by an auditor performing a limited scope audit? Select one: a. Disclaimer b. Unqualified c. Qualified d. Adversearrow_forward
- Why should receiving reports be prenumbered? What assertion would an auditor test using thereceiving reports, and how would the auditor do this?arrow_forwardWhich of the following statements is true? Select one: a. If evidence is subjective, it cannot be reliable b. Evidence must be relevant to all of the audit objectives c. Evidence obtained directly by the auditor may not be reliable if the auditor lacks the qualifications to evaluate the evidence. d. The persuasiveness of evidence can be evaluated after considering its sufficiencyarrow_forwardExplain when performing an auditor, the auditor could sometimes be permitting the sumof the tolerable misstatement to exceed overall materialityarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Auditing: A Risk Based-Approach (MindTap Course L...AccountingISBN:9781337619455Author:Karla M Johnstone, Audrey A. Gramling, Larry E. RittenbergPublisher:Cengage LearningAuditing: A Risk Based-Approach to Conducting a Q...AccountingISBN:9781305080577Author:Karla M Johnstone, Audrey A. Gramling, Larry E. RittenbergPublisher:South-Western College Pub
![Text book image](https://www.bartleby.com/isbn_cover_images/9781337619455/9781337619455_smallCoverImage.gif)
Auditing: A Risk Based-Approach (MindTap Course L...
Accounting
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Cengage Learning
![Text book image](https://www.bartleby.com/isbn_cover_images/9781305080577/9781305080577_smallCoverImage.gif)
Auditing: A Risk Based-Approach to Conducting a Q...
Accounting
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:South-Western College Pub