Audit 2 Chp3

Audit report is a

• written opinion of an auditor regarding audit work done

• written planning of an auditor regarding audit work done

• written assessment of an auditor regarding audit work done

• written evidence of an auditor regarding audit work done

Report audit is written in a standard format, as mandated by the

• Companies Act and Internal Security Act

• Companies Act and International Standards on Auditing

• Commission Act and International Standards on Auditing

• Commission Act and Internal Security Act

Financial statements are a fair representation of an entity's financial position. This statement refer to

• Qualified opinion

• Unqualified opinion

• Adverse opinion

• Disclaimer opinion

Financial statements were materially misstated. This statement refer to

• Qualified opinion

• Unqualified opinion

• Adverse opinion

• Disclaimer opinion

Objective of audit report are to ______

• Communicate auditor's planning to the user

• Communicate auditor's findings to the user

• Communicate auditor's assessment to the user

• Communicate auditor's regulation to the user

The following is the part of the audit report format except

• Header

• Paragraph

• Footer

• Address

The component paragraph of an Auditor's Report as follows except

• Paragraph states the responsibilities of the auditor and directors

• Paragraph contains the scope, stating applied accounting practices

• Paragraph contains summaries all the good and poor evidence obtain

• Paragraph contains the auditor's opinion

Emphasis of matter is a paragraph included in the auditor's report that in the auditor's judgment, that is very importance towards ____________

• user should know

• manager should know

• director should know

• government should know

Communicating key audit matters helps provide additional information to users of the financial statements. The paragraph is

• Emphasis of matter & Other matter

• Emphasis of matter & Valuation matter

• Additional matter & Other matter

• Additional matter & Valuation matter

Uncertainty relating to the future outcome of exceptional litigation or regulatory action.

• True

• False