Class-Notes-01-19-2011

Class-Notes-01-19-2011 - Audit Report Learning Objectives...

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Audit Report Learning Objectives Provide an overview of the role of management and the auditor in financial reporting. Specify the conditions required to issue an unqualified audit report. Describe the parts of the standard audit report. internal control over financial reporting. Describe the five circumstances when an explanatory paragraph or modified wording is appropriate. Identify the types of audit reports that can be issued when an unqualified opinion is not justified 4’#-,"5’ $&,’’ 6’/’,)7 01/-$"+/# +0 $&’ )12"$+,#3 ,’.+,$8
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What are the Basic Components of an Unqualified (Clean) Report? 'JOBODJBM 4UBUFNFOUT JODMVEJOH 5JNF 1FSJPE .BOBHFNFOU`T 3FTQPOTJCJMJUZ "VEJUPS`T 3FTQPOTJCJMJUZ 5JUMF ± "EESFTT "VEJUJOH 4UBOEBSET 3FBTPOBCMF "TTVSBODF .BUFSJBM .JTTUBUFNFOU 5FTU #BTJT "NPVOU ± %JTDMPTVSFT² "DDPVOUJOH 1SJODJQMFT² 4FF 3FQPSU PO *OUFSOBM $POUSPM *O 0VS 0QJOJPO 'JOBODJBM 4UBUFNFOUT "MM .BUFSJBM 3FTQFDUT (""1 'JSN 4JHOBUVSF %BUF
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A Report on Financial Statements vs. Internal Controls?
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This note was uploaded on 05/23/2011 for the course ACCT 1 taught by Professor Michelson during the Spring '10 term at Brown College.

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Class-Notes-01-19-2011 - Audit Report Learning Objectives...

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