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In order to make materiality decisions when a

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4.In order to make materiality decisions when a condition requiring a departure from anunqualified report exists, the auditor must evaluateA. the magnitude of the error on the account involved.B. the effect on the financial statement which contains the erroneous account.C.the effect of the error on both the income statement and the balance sheet.D.all effects on the financial statements.
5.In which of the following situations would an auditor ordinarily express an unqualifiedaudit opinion with an explanatory paragraph?
C.The entity issues financial statements that present financial position and results ofoperations, but omits the required notes to financial statements.D.At the client's request, the client's attorney has refused to respond to the auditor'sinquiries about ongoing litigation.6.A report other than an unqualified report must be issued whenever any of the threeconditions requiring a departure from an unqualified report

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Term
Spring
Professor
CarrollL.Lucht
Tags
Auditor s report

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