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Which of the following is correct regarding supplementary information?
mickied
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Which of the following is correct regarding supplementary information?
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.
Textbook
Auditing and Assurance Services
Edition:
17
th
Authors:
Arens, Elder, Beasley, Hogan
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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.
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mickied
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Smart ... Thanks!
karamsidhu1
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This helped my grade so much
Tabitha.davis
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Good timing,
thanks!
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