[huixjtu]

when a qualified opinion issued due to a lack of sufficient audit evidence, should the lack of evidence be disclosed in the Auditor’s Responsibility paragraph? The Becker answer is yes, but I couldn’t find such disclosure in the examples in textbook. Could someone help me with this please?

CA Candidate

FAR- 90
AUD- 90
REG-Apr 2015
BEC-Oct 2015

[mst995]

When qualifying an opinion due lack of sufficient audit evidence the auditors responsibility paragraph is only modified to state the type of opinion issued… it should say “we believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.” Can you post the becker question verbatim?

[mst995]

When qualifying an opinion due lack of sufficient audit evidence the auditors responsibility paragraph is only modified to state the type of opinion issued… it should say “we believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.” Can you post the becker question verbatim?

[huixjtu]

Thank you, mst995, here is the original Q:

Q: When qualifying an opinion because of an insufficiency of audit evidence, an auditor should refer to the situation in the:

Auditor's Responsibility paragraph Notes to the Financial Statements

a. Yes No

b. No No

c. Yes Yes

d. No Yes

Explanation

Choice “a” is correct. When a qualified opinion is issued due to a lack of sufficient audit evidence, the lack of evidence should be disclosed in the Auditor's Responsibility Paragraph and discussed in an explanatory paragraph before the opinion paragraph.

CA Candidate

FAR- 90
AUD- 90
REG-Apr 2015
BEC-Oct 2015

[huixjtu]

Thank you, mst995, here is the original Q:

Q: When qualifying an opinion because of an insufficiency of audit evidence, an auditor should refer to the situation in the:

Auditor's Responsibility paragraph Notes to the Financial Statements

a. Yes No

b. No No

c. Yes Yes

d. No Yes

Explanation

Choice “a” is correct. When a qualified opinion is issued due to a lack of sufficient audit evidence, the lack of evidence should be disclosed in the Auditor's Responsibility Paragraph and discussed in an explanatory paragraph before the opinion paragraph.

CA Candidate

FAR- 90
AUD- 90
REG-Apr 2015
BEC-Oct 2015

[Author]

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