AUD Question

  • Creator
    Topic
  • September 20, 2018 at 12:40 pm #1985978
    ssaetern
    Participant

    An auditor has audited the financial statements for X company for year ended 12/31/17. On 11/29/17, the company caught on fire and all financial records have been destroyed. There is no backup for the records.
    What type of opinion should be given? Thanks.

Viewing 2 replies - 1 through 2 (of 2 total)
  • Author
    Replies
  • September 20, 2018 at 12:51 pm #1986002
    Anonymous
    Inactive

    Based on the dates provided here, you're going to be looking at a disclaimer of opinion. If all financial records are destroyed before year-end, there is no way an opinion can be reasonably expressed.

    September 20, 2018 at 8:11 pm #1986746
    YouCanDoIt
    Participant

    material + pervasive scope limitation leading to disclaimer

    FAR: 76
    REG: Currently studying
    AUD:
    BEC:

  • Author
    Replies
Viewing 2 replies - 1 through 2 (of 2 total)
  • The topic ‘AUD Question’ is closed to new replies.