What Type of Reports Can an Auditor Issue If They

question 76

Essay

What type of reports can an auditor issue if they cannot provide an unqualified audit report?
The three types of reports other than unqualified are:
1.Qualified.The auditor's opinion is qualified because of either a scope limitation or a non-pervasive departure from Generally Accepted Accounting Principles (GAAP), but overall the financial statements were presented fairly.
2.Disclaimer.The auditor disclaims an opinion on the financial statements either because there is insufficient appropriate evidence to form an opinion on the overall financial statements or because there is a lack of independence.
3.Adverse.The auditor's opinion states that the financial statements are not presented fairly in conformity with GAAP because the departure materially affects the overall financial statements.

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Definitions:

Max Weber

A German sociologist, philosopher, and political economist whose works on the sociology of religion, government, and the economy had a profound influence on social theory.

Ordained Ministers

Ordained ministers are individuals who have been formally sanctioned by a religious organization to conduct its religious rites, services, and provide pastoral care and leadership to its congregation.

United Church of Canada

is a Protestant denomination in Canada, known for its inclusive policies and diverse membership.

Anabaptist Church

The Anabaptist Church is a Christian denomination known for its emphasis on adult baptism, pacifism, and separation from state matters, originating in the 16th-century Radical Reformation.