Management Notes

Reference Notes for Management

A departure from recognized accounting principle is disclosed in a note to the financial statements. The auditor should

A departure from recognized accounting principle is disclosed in a note to the financial statements. The auditor should

A departure from recognized accounting principle is disclosed in a note to the financial statements. The auditor should

 Options:

a) issue a standard unqualified audit report
b) issue a qualified report
c) issue an unqualified report with ‘emphasis of matter’ paragraph
d) disclaim opinion

The Correct Answer Is:

b) issue a qualified report

Read more