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Other Fields Homework Help Accounting Topic started by: mickied on Aug 1, 2022



Title: Which of the following is correct regarding supplementary information?
Post by: mickied on Aug 1, 2022
Which of the following is correct regarding supplementary information?

▸ The auditor must express an opinion on the supplementary information.

▸ When reporting on supplementary information, the auditor uses a different materiality threshold from that used in forming an opinion on the basic financial statements.

▸ If the auditor's report on the audited financial statements contains an adverse opinion, the auditor can still issue an unqualified opinion on the supplementary information.

▸ The auditor can issue a separate report on the supplementary information; it does not need to be part of the report on the financial statements.


Title: Which of the following is correct regarding supplementary information?
Post by: jwmaro on Aug 1, 2022
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