When there has been a change in accounting principles, but the effect of the change on the comparability of the financial statements is not material, the auditor should:
When single-year financial statements are presented, an auditor ordinarily would express an unqualified opinion in an unmodified report if the:
Park, CPA, was engaged to audit the financial statements of Tech Co., a new client, for the year ended December 31, 20X3. Park obtained sufficient audit evidence for all of Tech's financial statement items except Tech's opening inventory. Due to inadequate financial records, Park could not verify Tech's January 1,20X3, inventory balances. Park's opinion on Tech's 20X3 financial statements most likely will be:
Which paragraphs of an auditor's standard report on financial statements should refer to generally accepted auditing standards (GAAS) and generally accepted accounting principles (GAAP)?
In which of the following circumstances would an auditor be most likely to express an adverse opinion?
Several sources of GAAP consulted by an auditor are in conflict as to the application of an accounting principle. Which of the following should the auditor consider the most authoritative?
