Which of the following is not a modified audit opinion?Group of answer choicesan unqualified opinionan adverse opiniona qualified opiniona disclaimer of opinion

The emphasis of matter paragraph in an audit report would normally refer to the fact that the auditor’s opinion is:Group of answer choicesqualified in this respectan adverse opiniona disclaimer of opinionnot qualified in this respect

A standard unqualified audit report is not required to have which of the elements set out below?Group of answer choicesan opinion paragrapha heading ‘Auditors Opinion’matters the auditor wishes to emphasisethe opinion of the auditor on the financial statements

An auditor would issue an adverse opinion ifSelect one:a.A qualified opinion cannot be given because the auditor lacks independence.b.The audit was begun by other independent auditors who withdrew from the engagement.c.The statements taken as a whole do not fairly present the financial condition and results of operations of the company.d.The restriction on the scope of the audit was significant.

How would each of the following paragraphs affect an audit opinion that is included in an auditor’s report?Emphasis of matter paragraphOther matter paragraph<br /> A. a. 2 would result in modified opinion, 1 would have no effect <br />B. b. Neither 1 nor 2 would affect the audit opinion <br />C. c. Both 1 and 2 would result in a modified opinion <br />D. d. 1 would result in modified opinion, 2 would have no effect

Which of these items does not form part of the financial report on which the auditor expresses an opinion?Group of answer choicesthe directors' reportany additional disclosures necessary to give a true and fair viewnotes required by Accounting Standardsthe statement of cash flows for the year