This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Responsibility for detecting Fraud same as responsibility for detecting errors (PG 57) REPORTS SEE PG 71 A Standard Report is an unqualified report! See PG 65 A Standard Report with and explanatory language if: 1. A change in accounting principle 2. Going Concern Issue 3. Emphasis of a matter Other types of opinions: Qualified EXCEPT FOR the effects of a matter otherwise the F/S are in accordance with GAAP. Adverse Not in accordance with GAAP Disclaimer auditor does not express an opinion VARIANCE GAAP DEPARTURE SCOPE LIMITATION Immaterial Unqualified Unqualified Material Qualified Qualified Highly Material Adverse Disclaimer...
View Full Document