AU-C 700 Forming an Opinion and Reporting on Financial Statements defines an unmodified opinion as the opinion expressed by the_______.
A) internal auditor when the auditor concludes the financial statements are presented fairly, in all material respects, in accordance with the applicable financial reporting framework
B) external auditor when the auditor concludes the financial statements are presented fairly, in all material respects, in accordance with the applicable financial reporting framework
C) external auditor when the auditor concludes the financial statements are presented fairly, in all material and immaterial respects, in accordance with the applicable financial reporting framework
D) external auditor when the auditor concludes the financial statements are presented fairly, in all material respects, in accordance with the international financial reporting standards
Correct Answer:
Verified
Q17: The concept of materiality is NOT an
Q18: If the subsidiary 's financial statements audited
Q19: The auditor should consider modifying the opinion
Q20: An unmodified opinion is expressed by the
Q21: Companies typically present their financial statements _.
A)to
Q23: The audit process _.
A)enhances the degree of
Q24: Which of the following is NOT a
Q25: An unmodified auditor's report is _.
A)an indication
Q26: The audit process _.
A)can typically take up
Q27: Audit reports tend to be _.
A)very different,
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