Reporting detailed Vedio 2

Question 1

When is a qualified opinion provided?

Answer 1

when there is a material misstatement or an inability to obtain SAE , both are not pervasive

Question 2

When is an adverse opinion provided

Answer 2

When material mistatements are pervasive, ie affecting the whole financial statements and not just a specific account.

Question 3

Disclaimer of Opinion

Answer 3

when the auditor is unable to obtain SAE and the limitation is pervasive.

Question 4

whats an emphasis of matter paragraph?

Answer 4

An emphasis of matter paragraph refers to an item that is included in the F/S and presented or disclosed correctly. However, in the auditor’s judgment, it is of such importance that it is fundamental to the user’s understanding of the financial statements.

Question 5

Other matter paragraph what is it

Answer 5

An other matter paragraph is something that is not presented or disclosed in the financial statements, however, in the auditor’s professional judgment, is relevant to the user’s understanding of the financial statements.

Question 6

Please check the going concern mig mao in the note book new.

Answer 6

GO READ IT !! DONT skimp out

Question 7

When is