The auditor is required to follow the guidance provided by the standards, without exception.
express an opinion on the information, if he or she has been engaged to examine such information.
The auditor did not observe the entity’s physical inventory and is unable to become satisfied about its balance by other auditing procedures.
Designing additional auditing procedures to obtain more reliable evidence in support of a particular financial statement assertion
Provision of personal tax services to Johnson, the accounts payable manager of Perigee
The financial statements are free from material misstatement, and no disclosure is required in the notes to the financial statements.
required by GAAP.
A sales invoice issued by the client and supported by a delivery receipt from an outside trucker
acceptable audit risk.
both agree that it should be greater than 5%.
The documents related to the chosen sample may not be available to the auditor for inspection.
general computer controls, but does not test application computer controls.
There is a potential future payment to an outside party that would result from a current condition.
Tests of the specific items making up the balance in a given general ledger account
The same amount of audit evidence would be required.
Cost of obtaining evidence is a valid reason for excluding that evidence from the audit.
variable (sometimes larger, sometimes smaller).
From the following opinion types, select and write the opinion type or types that can be used by the auditor. Up to two opinion types can be selected.
In addition, select and write the appropriate report modification options that are required to be made by the auditor. You can select as many options as apply. (Becker, Adopted)
Issue the independent auditor’s report without modification
Modify the introductory paragraph
Modify the auditor’s responsibility paragraph
Omit the auditor’s responsibility paragraph
Modify the opinion paragraph
Add an emphasis-of-matter paragraph preceding the opinion paragraph
Add an emphasis-of-matter paragraph following the opinion paragraph