We appreciate your visit to An auditor who qualified an opinion because of an insufficiency of audit evidence should refer to the scope limitation in the Auditor s Note to. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
An auditor who qualified an opinion because of an insufficiency of audit evidence should refer to the scope limitation in the Auditor's Note to the Financial Statements Responsibility Section Opinion Section Yes Yes Yes. Option 4 is correct.
An auditor who encounters a scope limitation, such as insufficient audit evidence, should refer to the scope limitation in the "Auditor's Responsibility" section and "Opinion" section of their report. This is because the auditor needs to highlight the limitations they faced during the audit, which might have affected the overall opinion on the financial statements.
1. The auditor identifies the insufficiency of audit evidence as a scope limitation during the audit.
2. In the "Auditor's Responsibility" section of their report, the auditor explains their responsibility to express an opinion on the financial statements based on the audit evidence obtained and mentions the encountered scope limitation.
3. In the "Opinion" section, the auditor refers to the scope limitation again, clarifying that due to the insufficient audit evidence, they are providing a qualified opinion on the financial statements.
4. By mentioning the scope limitation in both sections, the auditor effectively communicates the issue to the users of the financial statements, making them aware of the potential impact on the overall opinion.
Option 4 is correct.
To learn more about an auditor, visit: https://brainly.com/question/28103559
#SPJ11
Thanks for taking the time to read An auditor who qualified an opinion because of an insufficiency of audit evidence should refer to the scope limitation in the Auditor s Note to. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada