The audit opinion is the schedule furnished by the auditor who verifies the company's financial statements. It is expressed after checking whether the data is represented accurately and not falsely by the business entity.Answer and Explanation: The four types of audit opinions are: Unqualified opi...
A. Comparing what should be with what is. B. Analyzing differences between organizational and departmental objectives. C. The internal auditor's conclusions (opinions). D. Determining the impact on the organization of what should be. 相关知识点: 试题来源: 解析 A 反馈 收藏 ...
Which kinds of auditing opinions have you known, and what is the meaning respectively? (1)Unqualified Opinion 标准无保留审计意见 If there are no circumstances requiring the addition of an explanatory paragraph or modification of the wording of the report,the audit report issued by the auditor is ...
the company, he or she might issue an adverse auditor’s opinion. This might occur when financial statements do not conform to generally accepted accounting principles. Misstatements in the company’s financial position and operational deficiencies are two examples typically reported as adverse opinions...
What are the responsibilities of an independent auditor in the audit of financial statements? What types of opinions can an auditor issue in reporting an audit? What is the auditor's role? What are the key considerations when evaluating the design of internal controls in conjunction with ...
Duly certified. This part involves proper signature by the auditor with mention of the date and place on which the Audit Report is signed. Opinion on Audit Report Broadly there are two opinions normally found in audit reports namely: Unqualified Opinion:Under this, the auditor is satisfied with...
@JessicaLynn - I'm not an auditor, but I would imagine there are many times when an auditor does an audit and feels comfortable giving an unqualified audit report opinion. I mean, why not? If you review the records to the best of your abilities and everything checks out, why not give...
When it comes to larger organizations, they have a dedicatedaudit reviewdepartment that ensures everything complies with the law. On the other hand, small businesses might employ one or two professionals to conduct such audits. Following are the types of audit reports carried out by internal audit...
Understanding Unqualified Opinions An unqualified opinion is essentially a clean report. It indicates the auditor is satisfied with thecompany's financial reporting during an audit. It is the type of opinion most companies expect to receive from an independent auditor and reassures investors in the ...
There are several different types of auditors, including those hired to work in-house for companies and those who work for an outside audit firm. The final judgment of an audit report can be either qualified or unqualified. Investopedia / Dennis Madamba ...