Green, CPA, was engaged to audit the financial statements of Essex Co. after its fiscal year had ended. The timing of Green's appointment and the start of fieldwork made confirmation of accounts receivable by direct communication with the customers not feasible. However, Green applied other procedures and was satisfied as to the reasonableness of the account balances. Green's auditors' report most likely contained a(n)
A)unmodified opinion.
B)unmodified opinion with an emphasis-of-matter paragraph.
C)qualified opinion due to a scope limitation.
D)qualified opinion due to a departure from generally accepted auditing standards.

Question

Quizplus · Accepted Answer

Since Green was able to apply other procedures and was satisfied as to the reasonableness of the account balances, there was no scope limitation, departure from generally accepted auditing standards, or need for an emphasis-of-matter paragraph, and an unmodified opinion would be appropriate.

Green, CPA, Was Engaged to Audit the Financial Statements of Essex