The Following Four Situations Require a Modification to the Standard

question 69

Essay

The following four situations require a modification to the standard unqualified/unmodified audit report. Identify the modification required for each.
a. Opinion based in part on the report of another auditor.
b. Going concern.
c. Lack of consistency.
d. Additional emphasis.

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Definitions:

Accurately Creates A File

The process of generating a document or record in a manner that precisely captures the intended data or information.

Research Results

Findings or outcomes derived from systematic investigation or study on a particular subject or phenomenon.

Litigation File

A collection or compilation of all documents, evidence, correspondences, and records pertinent to a legal case.

Correspondences

Written communication or exchange of letters between individuals or organizations.