The type of the opinion expressed by the predecessor and if the opinion was

The type of the opinion expressed by the predecessor

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The type of the opinion expressed by the predecessor and , if the opinion was modified, the reasons therefore. The nature of an emphasis-of-matter paragraph or other-matter paragraph included in the predecessor auditor’s report, if any. The date of that report
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E. Audit Reports: Unmodified Opinions with Other-Matter Paragraphs Other Information in Documents Containing Audited Financial Statements Check for inconsistency Inconsistency identified should be communicate with the management for revise. If the management does not revise Qualified/Adverse Opinion as to the F/S (departure from GAAP) Indicate it in the additional paragraph, unmodified opinion with other-matter paragraph, withholding the auditor’s report, withdraw from the engagement May need to introduce specialists for information that auditors do not have appropriate knowledge. Required Supplementary Information Inquire of management about the methods of preparing the information
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E. Audit Reports: Unmodified Opinions with Other-Matter Paragraphs Compare information for consistency with Management’s responses to the inquiries The basic financial statements Other knowledge obtained during the audit Obtain written representation from management acknowledging its responsibility The information being measured within guidelines Consistency of methods followed Significant assumptions Supplementary Information in Relation to the Financial Statements as a Whole Abstract some information from the full version of the financial statement Auditor usually is engaged to verify if the supplementary information is in line with the F/S and presented fairly.
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E. Audit Reports: Unmodified Opinions with Other-Matter Paragraphs Inquiring of management about the purpose of the information and criteria used to prepare it. Determining the propriety of the form and content of the information. Obtaining an understanding of how the information was prepared. Comparing and reconciling information to underlying accounting and other records. Inquiring of management concerning significant assumptions. Evaluating the appropriateness and completeness of the information. Obtaining written representation. Alerts as to Report Intended Use (Restricting the Use of an Auditor’s Report)
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E. Audit Reports: Unmodified Opinions with Other-Matter Paragraphs Additional Circumstances Involving Other-Matter Paragraphs Summary of Placement of Additional Paragraphs
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F. Audit Reports: Additional Situations Audits of Financial Statements Prepared in Accordance with Special Purpose Financial Reporting Frameworks Cash basis Tax basis Regulatory basis Contractual basis Justified reason for using a basis other than GAAP Management should provide with a representation letter The report should include an emphasis-of-matter paragraph alerting users that the financial statements are prepared in accordance with the special purpose financial reporting framework and refer to the financial statement note that describes the framework.
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