Bianca Jones was engaged to conduct the audit of Smilicor Company (a toy distributor)three months after its year-end date.Bianca was unable to conduct an audit of opening inventory but was able to obtain evidence to satisfy herself with respect to the opening balances.She was also able to conduct audit procedures for other opening balances;for example,by observing fixed assets.What type of audit opinion would Smilicor receive?

Question

Quizplus · Accepted Answer

Since Bianca was able to obtain sufficient evidence with respect to the opening balances, it implies that the financial statements are free from material misstatements. Therefore, Smilicor would receive an unmodified audit opinion.

Bianca Jones Was Engaged to Conduct the Audit of Smilicor