qualified for scope limitation

Question 1

two reasons for a modified opinion

Answer 1

presentaton-the f/s are misstated

scope-auditor did not obtain sufficient appropriate audit evidence

Question 2

pervasive

Answer 2

there is some really large impact on the financial statements

def- A)effects that are not confined to specific elements, accounts or items of the financial statements.B)effects that if so confined represent or could represent a substantial portion of the financial statements. C) regarding disclosures, are fundamental to users understanding of the financial statements

Question 3

modified opinion

Answer 3

qualified
adverse
disclaimer

Question 4

scope limitation

Answer 4

qualified opinion

disclaimer of opinion

Question 5

qualified opinion

Answer 5

unable to obtain sufficient appropriate audit evidence, and the effects can be material, but not pervasive

Question 6

disclaimer of opinion

Answer 6

unable to provide sufficient appropiate audit evidence, and the effects can be material and pervasive

Question 7

circumstances in a scope limitation

Answer 7

beyond control of entity-acc records destroyed
nature or timing of work- cant observe inventory
limitations imposed by management-wont give access