[Anonymous]

I am encountering a severe problem understanding questions when it mentions opening paragraph, scope paragraph, introductory paragraph.

Now I know before july, auditor’s standard report had 3 paragraphs:

1. Introductory para

2. Scope

3 Opinion

But post july, auditor’s standard report has 4 paras:

1. Intro

2. Management’s Responsibility

3. Auditor’s responsibility

4. Opinion

While doing a sim on Becker, it asks for correct/incorrect.

The question is:

Reference to the subsidiary and the magnitude of its financial statements should be in the scope paragraph rather than in the opening paragraph. Ans is incorrect, because, it should be in the opening/introductory paragraph.

Now to cross check the matter i checked a sample report where the auditor referred the component auditor, in the report, the reference to the subsidiary and the magnitude of its financial statements is under Auditor’s Reponsibility paragraph.

Does that mean, the question is based on pre july? Because pre july format used to refer component auditor in the introductory para.

In the exam, will we be tested on both formats? or I can forget about pre-jul format?

My exams this Friday and I feel it is a very very very long way for me to feel prepared. 🙁

I have had a lot of help from this forum need some help again please.