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

The addition of an emphasis of matter paragraph in an audit report:Group of answer choicesdoes not affect the auditor’s opinionis only included for going concern uncertaintiesdoes affect the auditor’s opinionis required by the standards to be included in all audit reports

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

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

An auditor decides to express a qualified opinion on an entity's financial statements because a major inadequacy in its computerized accounting records prevents the auditor from applying necessary procedures. The opinion paragraph of the auditor's report should state that the qualification pertains toSelect one:a.A client-imposed scope limitation.b.The possible effects on the financial statements.c.Inadequate disclosure of necessary information.d.A departure from generally accepted auditing standards.

A statement that the auditor's responsibility is to express an opinion on the financial statements is contained in the:Select one:a.Opening paragraphb.Scope paragraphc.Opening and scope paragraphd.Opinion paragraph