Auditors found that the company under audit has not capitalized a material amount fo leases in the financial statements. When considering the materiality of this departure from GAAP, the auditor would choose between which reporting opinion? Unmodified or unqualified opinion or disclaimer of opinion Unmodified (unqualified) opinion or qualified opinion Unmodified with an emphasis of matter paragraph. Qualified or adverse opinion.

Auditors found that the company under audit has not capitalized a material amount fo leases in the financial statements. When considering the materiality of this departure from GAAP, the auditor would choose between which reporting opinion? Unmodified or unqualified opinion or disclaimer of opinion Unmodified (unqualified) opinion or qualified opinion Unmodified with an emphasis of matter paragraph. Qualified or adverse opinion.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter15: Audit Reports For Financial Statement Audits

Section: Chapter Questions

Problem 12CYBK

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Question 2

		Unmodified or unqualified opinion or disclaimer of opinion
		Unmodified (unqualified) opinion or qualified opinion
		Unmodified with an emphasis of matter paragraph.
		Qualified or adverse opinion.

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What category of audit report will be issued if the auditor concludes that the financial statementsare not fairly presented? A. qualified B. adverse C. standard unmodified opinion D. disclaimer
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Auditors found that the entity has not capitalized a material amount of leases in the financial statements. When considering the materiality of this departure from GAAP, the auditors would choose between which reporting options?a. Unmodified opinion or disclaimer of opinion.b. Unmodified opinion or qualified opinion.c. Unmodified opinion with an emphasis-of-matter paragraph or an adverse opinion.d. Qualified opinion or adverse opinion.
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