The standard unqualified audit report for public entities includes the following three paragraphs:
A)introductory, scope and management's responsibility.
B)materiality, scope and report.
C)introductory, scope and opinion.
D)scope, fieldwork and conclusion.

Question

Quizplus · Accepted Answer

The standard unqualified audit report for public entities includes an introductory paragraph that contains the entity's name, a statement that the report is an audit, and the period covered by the audit. The scope paragraph describes the auditor's responsibilities and the limitations on the audit. The opinion paragraph provides the auditor's conclusion about whether the financial statements are presented fairly, in all material respects, in accordance with the applicable financial reporting framework. These three paragraphs are covered in choice C.

The Standard Unqualified Audit Report for Public Entities Includes the Following