Questions from Auditing and Assurance

Q: If a scope limitation exists and auditors cannot perform alternative procedures,

If a scope limitation exists and auditors cannot perform alternative procedures, what are the auditors’ reporting options?

Q: When a scope limitation exists, how would the standard (unmodified

When a scope limitation exists, how would the standard (unmodified) report be modified to express (a) a qualified opinion and (b) a disclaimer of opinion?

Q: What options are available to group auditors when component auditors are involved

What options are available to group auditors when component auditors are involved in the examination of group financial statements?

Q: Define emphasis-of-matter and other-matter paragraphs.

Define emphasis-of-matter and other-matter paragraphs. What type of information do auditors provide in these paragraphs?

Q: What types of matters would result in the auditors’ report being modified

What types of matters would result in the auditors’ report being modified for consistency?

Q: What are going-concern uncertainties? What is the auditors’ responsibility

What are going-concern uncertainties? What is the auditors’ responsibility for evaluating going concern uncertainties?

Q: What is an uncorrected misstatement? What is the auditors’ responsibility for

What is an uncorrected misstatement? What is the auditors’ responsibility for communicating misstatements detected during the audit?

Q: What is the auditors’ reporting responsibility for (a) other information

What is the auditors’ reporting responsibility for (a) other information accompanying the audited financial statements and (b) required supplementary information?

Q: If auditors wish to express a different opinion on prior years’ financial

If auditors wish to express a different opinion on prior years’ financial statements in the current report than in a previously issued report, how should their current report be modified?

Q: Which of the following is ordinarily performed last in the audit examination

Which of the following is ordinarily performed last in the audit examination? a. Securing a signed engagement letter from the client. b. Performing tests of controls. c. Performing a review for subseq...