1. The Five Point Plan (FPP) attempted to improve independent auditing by
requiring a competitive auditor requisitioning process. What are the
tradeoffs between required requisitioning as oppose to mandatory auditor
rotation? How might M
Short - form report
All 4 statements and full disclosure
GAAS (sufficient evidence)
No other circumstances
Parts of Audit Report
2. Report addressee
3. Introductory paragraph
4. Management responsibility
5. Auditor responsibi
Describe the parts of the standard unmodified audit report for nonpublic entities under AICPA auditing standards.
2. Specify the conditions required to issue the standard unmodified audit
3. Understand re
Report Problem Fall 2015
For each of the following situations, indicate the opinion you would choose.
Assume there are no reporting issues other than those indicated.
1. Unmodified (unqualified) standard wording
2. Unmodified with