[kmwgrace]

When a qualified opinion results from a limitation on the scope of the audit, the situation should be described in an explanatory paragraph:

a. Preceding the opinion paragraph and referred to only in the scope paragraph of the auditor’s report.

b. Following the opinion paragraph and referred to in both the scope and opinion paragraphs of the auditor’s report.

c. Following the opinion paragraph and referred to only in the scope paragraph of the auditor’s report.

d. Preceding the opinion paragraph and referred to in both the scope and opinion paragraphs of the auditor’s report.

Does that make anyone else’s head spin or is it just me? This kind of minutia makes me absolutely crazy. Even if I were an audit person, there would be templates for all of this kind of stuff – I wouldn’t be writing it on my own. What makes it worse is that my focus is tax and memorizing this audit stuff just seems like so much unnecessary fluff. I’m not putting down you good audit people out there – that’s not what I’m saying. Your work is obviously very important. What I am saying is that I would *never* do something in practice that I wasn’t confident in without first looking it up or asking someone else, including writing one of these reports. ugh.

Sorry, vent over.

~ Kate... MTX!
CPA exam on hold while I homeschool my 6 year old!