A basis for a modification paragraph in the audit of the financial statements of a nonpublic company:
A) Is only included with qualified, adverse, or disclaimers of opinion.
B) Is presented after the opinion paragraph.
C) Has a section title: Emphasis-of-Matter.
D) Must be included in all nonpublic company audit reports.

Question

Quizplus · Accepted Answer

A basis for a modification paragraph is included only when the auditor expresses a qualified opinion, an adverse opinion, or a disclaimer of opinion.

A Basis for a Modification Paragraph in the Audit of the Financial