Answered: Correction of an error in principle…

Correction of an error in principle affects comparability and an explanatory paragraph after the opinion paragraph is not required on the audit report. True O False

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

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

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

Chapter14: Activities Required In Completing A Quality Audit

Section: Chapter Questions

Problem 47MCQ

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Question

Correction of an error in principle
affects comparability and an
explanatory paragraph after the
opinion paragraph is not required on
the audit report. *
True
O False

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