[itooshallpass]

Even though many standards are the same, in the exam, how do we assume whether it is an issuer or nonissuer if it doesn’t say explicitly? I think I remember Roger saying something about it stating when it’s a PCAOB audit, but I’m not sure…?

[Recked]

The question should state specifically if they are PCAOB/Issuer, or non-issuer.
Also, keep in mind. Unmodified/Unqualified MIGHT be used interchangeably on the exam.
Don't rule out an answer just because its not the format you might expect given the facts stated in the question.

I think the above is what kept me from getting over a 90 on AUD as I felt much better about AUD than I did for FAR.

[itooshallpass]

Thanks!

[Bourne]

I felt the exact same Recked and also automatically ruled out about 4-5 MCQ's just based on using unqualified instead of unmodified.

[famh110]

Hmmm. A little confused now..why would they be used interchangeably? unmodified is for non-issuers (private co.) and unqualified is for issuers (public co.). The only thing that comes to my mind is that they both imply a clean opinion. Is there anything else thats in common between the two?

[Author]

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