15. Reporting On Assurance Engagements: Review Engagements Flashcards
1
Q
Review Engagements (non-statutory auditor): When may assurance conditions need to be modified?
A
If the practitioner is unable to say ‘nothing has come to our attention’
2
Q
Review engagements: Implication for the report: Material misstatement
A
Qualified or adverse conclusion
3
Q
Review engagements: Implication for the rpeort: Material limitation on scope
A
Qualified or disclaimer of conclusion