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  • NATURE

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    Turan, Jel Therese A.
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    The document outlines 5 illustrations of an auditor's judgement on financial statements and the resulting type of modified opinion. It shows that if the financial statements are materially misstated, an adverse opinion is issued, while an inability to obtain sufficient evidence results in either a qualified opinion if the effect is material but not pervasive, or a disclaimer of opinion if the effect is material and pervasive.

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    The document outlines 5 illustrations of an auditor's judgement on financial statements and the resulting type of modified opinion. It shows that if the financial statements are materially misstated, an adverse opinion is issued, while an inability to obtain sufficient evidence results in either a qualified opinion if the effect is material but not pervasive, or a disclaimer of opinion if the effect is material and pervasive.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    10 views1 page

    NATURE

    Uploaded by

    Turan, Jel Therese A.
    The document outlines 5 illustrations of an auditor's judgement on financial statements and the resulting type of modified opinion. It shows that if the financial statements are materially misstated, an adverse opinion is issued, while an inability to obtain sufficient evidence results in either a qualified opinion if the effect is material but not pervasive, or a disclaimer of opinion if the effect is material and pervasive.

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    © All Rights Reserved
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    NATURE AUDITORS JUDGEMENT TYPES OF MODIFIED

    OPINION
    FS ARE MATERIALLY MATERIAL BUT NOT
    MISSTATED/ PERVASIVE/
    INABILITY TO OBTAIN MATERIAL AND PERVASIVE
    SUFFICIENT APPROPRIATE
    AUDIT EVIDENCE.
    Illustration 2 FS ARE MATERIALLY MATERIAL AND PERVASIVE ADVERSE OPINION
    MISSTATED
    Illustration 3 INABILITY TO OBTAIN MATERIAL BUT NOT Qualified Opinion
    SUFFICIENT APPROPRIATE PERVASIVE.
    AUDIT EVIDENCE
    Illustration 4 INABILITY TO OBTAIN MATERIAL AND PERVASIVE Disclaimer of
    SUFFICIENT APPROPRIATE Opinion.
    AUDIT EVIDENCE
    Illustration 5 INABILITY TO OBTAIN MATERIAL AND PERVASIVE Disclaimer of
    SUFFICIENT APPROPRIATE Opinion.
    AUDIT EVIDENCE

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