[sooner2k1]

From what i’ve read in the book and on the PCAOB website, when not taking responsibility for another auditor’s work you should make reference to the division or responsibility in the Introduction and Scope and Opinion paragraphs.

Then I take a practice exam that is asking about division of responsibility, and it asks me what is modified from the following 3 options:

1) Introductory

2) Auditor’s Responsibility

3) Opinion

The correct answer to the question is options 2 and 3. This is confusing to me because PCAOB doesn’t even reference a single “Auditor’s responsibility” paragraph, and it also excludes the Introductory paragraph, which PCAOB says should be modified.

Can somebody clarify for me why the introductory paragraph would not be modified and where the “auditor’s responsibility paragraph plays into the “Scope and Opinion” paragraphs?

[barelystayingsane]

How old is your study material? There isn't really a “scope” paragraph anymore under the new reporting model. It's now called the Auditor's Responsibility paragraph. There is also a Management's Responsibility paragraph.

Basically that last sentence in the old report has been taken off the introductory paragraph and put into two different paragraphs. The first paragraph is Management's Responsibility and expands upon their responsibility.

The second paragraph is the Auditor's Responsibility and includes much of what was included in the old reporting model's Scope paragraph, but worded slightly differently.

The new reporting model is much more in line with the ISA reporting model.

[barelystayingsane]

How old is your study material? There isn't really a “scope” paragraph anymore under the new reporting model. It's now called the Auditor's Responsibility paragraph. There is also a Management's Responsibility paragraph.

Basically that last sentence in the old report has been taken off the introductory paragraph and put into two different paragraphs. The first paragraph is Management's Responsibility and expands upon their responsibility.

The second paragraph is the Auditor's Responsibility and includes much of what was included in the old reporting model's Scope paragraph, but worded slightly differently.

The new reporting model is much more in line with the ISA reporting model.

[sooner2k1]

You are a life saver!!! I have the new Becker books and self review, but I have the old version of the Becker Final Review and the 2013 Wiley CPA Focal Notes. I guess I need to be careful about how i'm using the older material.

[sooner2k1]

You are a life saver!!! I have the new Becker books and self review, but I have the old version of the Becker Final Review and the 2013 Wiley CPA Focal Notes. I guess I need to be careful about how i'm using the older material.

[Author]

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