7

Question 1

Management refuses to revise information with material inconsistencies

Answer 1

Include other-matter paragraph
Withhold audit report
Withdraw from engagement

Question 2

KAM by report type

Answer 2

Key Audit Matter

Adverse opinion-should not be included
Disclaimer of opinion-should not be included
Qualified opinion - refers to basis of opinion section
Unmodified opinion with going concern section - refers to going concern section rather than describing the boing concern issue

Question 3

If certain information is excluded from GAGAS Report?

Answer 3

Disclose information and reasons in the report

Question 4

Can CPA provide its working paper without the client’s consent or a lawful subpoena to IRS or FASB?

Answer 4

NO

Exceptions allow its release to comply with a subpoena or peer review or in connection with lawsuits or AICPS ethics complaints.