A nonpublic client has provided required supplementary information with its audited financial statements. The auditor's proper reporting responsibility includes:
A. An emphasis-of-matter paragraph should be added to the audit report.
B. A separate report should be issued on the required supplementary information.
C. An adverse opinion on the required supplementary information.
D. The required supplementary information should not be referred to.
A. An emphasis-of-matter paragraph should be added to the audit report.
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Claiming personal travel as a business expense, a personal lunch as a business lunch, altering a receipt to reflect a higher amount than was actually paid, or submitting fictitious receipt is an example of which of the following?
a. a billing scheme b. a payroll disbursement scheme c. a register disbursement scheme d. an expense reimbursement scheme
Discuss the two functions of the finance department.
What will be an ideal response?
The Marriott International purchase of Starwood Hotels for 13.6 billion USD is an example of a(n)
A. related diversification. B. acquisition. C. divestiture. D. unrelated diversification.
The Check Clearing for the 21st Century Act requires banks to accept checks in electronic form
Indicate whether the statement is true or false