Discuss the Conditions That Prohibit the Auditor from Issuing an Unqualified/unmodified

question 38

Essay

Discuss the conditions that prohibit the auditor from issuing an unqualified/unmodified opinion and the types of reports that the auditor may issue for a financial statement audit.
There are three circumstances that may require a departure from an unqualified/unmodified audit report:
1.Scope limitation.A scope limitation results from an inability to collect sufficient appropriate evidence,such as when management prevents the auditor from conducting an audit procedure considered necessary.
2.Departure from GAAP.The financial statements are affected by a departure from GAAP.
3.Lack of auditor independence.The auditor must comply with the second general standard and the Code of Professional Conduct in order to issue an unqualified/unmodified opinion.

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