@Qlad
A. Making reference to the audit of a component auditor is a division of responsibility that is stated or described in the scope paragraph or presently called as Auditor’s responsibility paragraph, without an EOM paragraph. It is referred to in the opinion paragraph (which is considered an “UNMODIFIED OPINION”) which states: “In our opinion, based on our audit AND THE REPORT OF THE OTHER AUDITORS, the consolidated FS referred to above present fairly, in all material respects, the FP of ABC Co….”
B. It is incorrect because significant RPTs may be presented by CPA in the EOM paragraph.
C. When CF statements are omitted, CPA should issue a qualified opinion.
D. This category falls under the requirement when EOM should follow the opinion paragraph.
Please refer to indexes listed below on situations when EOMs are required or may be deemed necessary by the auditor.
Index A: Use of EOM is required under 4: JGCS p. A1-23
1) J – Justified change in accounting principles
2) G – Going concern issues
3) C – Change in audit opinion
4) S – Special purpose FW [SPFW] (other than reg. basis FS intended for general use)
Index B: Use of EOM may be necessary under 4: [CURSe] p.A1-24
When referring to any matter that is appropriately presented or disclosed in the FS & is of such importance that it is fundamental to the users’ understanding of the FS:
1) C – Catastrophe (major)
2) U – Uncertainty (unusually important litigation or regulatory action)
3) R – RPT (significant)
4) S – Subsequent Events (unusually important)
10) (e)
.