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mickied mickied
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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: 17th
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jwmarojwmaro
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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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