Chapter 13 - Reporting on an assurance engagement Flashcards by aaa a | Brainscape

Q

When do we modify opinion?

A

If unable to say nothing has come to our attention

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Q

ASSURANCE ENGAGEMENT

Problem: Significant assumptions do not provide reasonable for basis of F/s

What is the opinion

A

Adverse

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Q

ASSURANCE ENGAGEMENT

Problem: Presentation/disclosure not adequate

What is the opinion

A

Qualified/Adverse

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Q

ASSURANCE ENGAGEMENT

Problem: Limitation on scope

What is the opinion

A

Disclaim

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Q

REVIEW ENGAGEMENT

Problem: material misstatement

A

Qualified/adverse conclusion

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Q

REVIEW ENGAGEMENT

Problem: limitation on scope

A

Qualified/disclaimer conclusion

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