Which of the following does NOT belong in the auditors’ report?

Related Mcqs:

Which of the following should NOT be considered at the planning stage?

A. The timing of the audit B. Analytical review C. Last year’s written representation letter D. Obtaining written representations...

Of the following, which is the least persuasive type of audit evidence?

A. Bank statements obtained from the client B. Documents obtained by auditor from third parties directly. C. Carbon copies of sales invoices inspected by the auditor D. Computations made by the auditor...

For what minimum period should audit working papers be retained by audit firm?

A. For the time period the entity remains a client of the audit firm. B. For a period of ten years C. For a period auditor opines them to be useful in servicing the client D. For the period the audit firm is in existence....

When issuing unqualified opinion, the auditor who evaluates the audit findings should be satisfied that the_____________?

A. Amount of known misstatement is documented in working papers B. Estimates of the total likely misstatement is less than materiality level C. Estimate of the total likely misstatement is more than materially level D. Estimates of the total likely misstatement cannot be made...

The client changed method of depreciation from straight line to written down value method. This has been disclosed as a note to the financial statements. It has an immaterial effect on the current financial statements. It is expected, however, that the change will have a significant effect on future periods. Which of the following option should the auditor express?

A. Unqualified opinion B. Qualified opinion C. Disclaimer of opinion D. Adverse opinion...