Doe, an independent auditor, was engaged to perform an audit of the financial statements of Ally Incorporated one month after its fiscal year had ended. Although the inventory count was not observed by Doe, and accounts receivable were not confirmed by direct communication with debtors, Doe was able to obtain sufficient appropriate audit evidence by applying alternative auditing procedures. Doe's audit report will probably contain:

Question

Quizplus · Accepted Answer

Doe was able to obtain sufficient appropriate audit evidence through alternative procedures, which means that the audit was performed in accordance with auditing standards. Therefore, Doe can issue a standard unmodified opinion.

Doe, an Independent Auditor, Was Engaged to Perform an Audit