Introduction to audit reports

Question 1

replaced _____with_____

Answer 1

unqualified with unmodified. It is now called Unmodified

Question 2

replaced _____with_____

Answer 2

unqualified with unmodified. It is now called Unmodified

Question 3

old audit report consisted of intro,scope, opinion paragraph. the structure of the new unmodified audit report consists of

Answer 3

title
addressed to someone
body of the report
intro sentence-nature and specific financials involved
managements responsibility
auditors responsibility-3 paragraphs
opinion
signature (firms name)
city and state of office
dated (what ever moment in time firm concludes sifficient aappropriate audit evidence as basis for conclusions)

Question 4

study audit report in text

Answer 4

do it