[barelystayingsane]

Can someone please confirm if this is correct?

When disclaiming an opinion due to a client-imposed scope limitation, you would omit the scope paragraph under the old reporting model. But under the new reporting model, you would keep in the auditor’s responsibility paragraph.

Thank you!

[Anonymous]

I can't find the answer to your question right now, so I'm going to bump this thread, and come back to it later. Hopefully, someone will have an answer for you by then. All I can say at this point is that the “Clarity Project” didn't clarify anything for me! UGH!!

[barelystayingsane]

It feels more muddled than clarified to me! I did a little more digging, and it appears that the above statement is correct. So confusing!!!

[Anonymous]

According to the name brand software, that updates constantly, we use at work (yes, I'm supposed to be working right now) it states:

The introductory paragraph should be modified to state that the auditor was engaged to audit the financial statements.

The paragraph on the auditor's responsibility should be modified to state only the following: “Our responsibility is to express an opinion on the financial statements based on conducting the audit in accordance with auditing standards generally accepted in the United States of America. Because of the matters described in the basis for disclaimer of opinion paragraph, however, we were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion.”

Hope this helps!

[Author]

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