A basis for modification paragraph in the audit of the financial statements of a nonpublic company:
A)Is only included with qualified, adverse or disclaimers of opinion.
B)Is presented after the opinion paragraph.
C)Has a section title: Emphasis-of-Matter.
D)Must be included in all nonpublic company audit reports.

Question

Quizplus · Accepted Answer

A basis for modification paragraph is included only when the auditor issues a qualified, adverse, or disclaimer of opinion, as it explains the reasons for the modification.

A Basis for Modification Paragraph in the Audit of the Financial