The Following Four Situations Require a Modification to the Standard

question 40

Essay

The following four situations require a modification to the standard unqualified 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:

U.S. Constitution

The supreme law of the United States, establishing the national government and fundamental laws, and guaranteeing certain basic rights to its citizens.

Taxes

Mandatory financial charges imposed by a government on individuals, corporations, or other entities to fund public expenditures.

Symbol

An object, sign, or image used to represent something else by association, resemblance, or convention.