If the auditor's opinion on the revised financial statements is different from the previously issued audit report, _______.
A)a disclaimer of opinion should be issued
B)a scope limitation should be issued
C)then an emphasis-of-matter paragraph should be added to the revised audit report after the opinion paragraph.
D)then a management opinion paragraph should be added to the revised audit report after the opinion paragraph

Question

Quizplus · Accepted Answer

If the auditor's opinion on the revised financial statements is different from the previously issued audit report, an emphasis-of-matter paragraph should be added to the revised audit report after the opinion paragraph. This paragraph should explain the reason for the change in opinion and draw attention to the relevant note or disclosure in the financial statements. It is not appropriate to issue a disclaimer of opinion or scope limitation unless the auditor is unable to obtain sufficient evidence to form an opinion. A management opinion paragraph is not a standard requirement for an audit report.

If the Auditor's Opinion on the Revised Financial Statements Is