Professional Documents
Culture Documents
Arens Chapter03
Arens Chapter03
Chapter 3
3. Qualified
4. Adverse or disclaimer
1. Introductory paragraph
2. Scope paragraph
3. Definition paragraph
4. Inherent limitations paragraph
5. Opinion paragraph
6. Cross Reference Paragraph
2. GAAP departure
Failure to
follow GAAP
Audit report
Qualified
Unqualified Adverse
opinion only
Measurability
Scope
limitation
Audit report
Qualified scope
Unqualified Disclaimer
and opinion