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 only in audit reports with unmodified opinions.
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 in audit reports when the auditor expresses a qualified, adverse, or disclaimer of opinion, to explain the reasons for not presenting an unmodified opinion.

A Basis for Modification Paragraph in the Audit of the Financial