A2 - Other Engagements, Reports, and Accounting Services Flashcards
1
Q
How should the cash basis of accounting be referenced in a auditor’s report?
A
As a method of accounting other than GAAP
2
Q
When an auditor issues an adverse or disclaimer of opinion on the financial statements as a whole, is it appropriate for the report to include a section on compliance of an individual account or single financial statement that is not adverse or disclaimed?
A
No; however, the compliance section may be included in a separate report
3
Q
What type of opinion of financial statements, which are not properly titled, prepared in accordance with an accounting basis other than GAAP, be given?
A
A qualified opinion
