Reporting Flashcards
1
Q
If there is a misstatement in the accounts that is material but not pervasive, what opinion will be given?
A
A qualified opinion, except for
2
Q
If there is a misstatement in the accounts that is material and pervasive, what opinion will be given?
A
An adverse opinion, and that the financial statements do not give a true and fair view
3
Q
If there is an inability to obtain sufficient appropriate audit evidence that is material and pervasive, what opinion will be given?
A
A modified opinon with a disclaimer of opinion and the auditor does not express an opinion
