A deviation from the unmodified audit report will cause knowledgeable users of financial statements to recognize that the
A)auditor intends to communicate concerns about the quality of the financial statements.
B)financial statements contain a material error.
C)financial statements contain an error.
D)Canadian Auditing Standards were not followed.

Question

Quizplus · Accepted Answer

A deviation from the unmodified audit report, such as a modified opinion or emphasis of matter paragraph, indicates that the auditor has concerns about the quality of the financial statements. Knowledgeable users of financial statements will recognize this and adjust their analysis and decision-making accordingly.

A Deviation from the Unmodified Audit Report Will Cause Knowledgeable