6 - Audit Reports

Question 1

AICPA Standard Unmodified Opinion

Answer 1

Independent Auditors Report

• Intro
• Management’s Responsibility
  
  • Prep and fair
  • DIM of IC
  • Free from Material Misstatement
• Auditor’s Responsibility
  
  • GAAS
  • Reasonable assurance
  • Define audit
  • Sufficient appropriate evidence
• Opinion - GAAP

Question 2

PCAOB Standard Unqualified Opinion

Answer 2

Report of Independent Registered Public Accounting Firm

• Intro
  
  • Mgmnt responsibility
  • Auditor Responsibility
• Scope
  
  • PCAOB
• Opinion -GAAP
• Explanatory paragraph