wnloads/CPA%20Questions%20Reporting%20(3).pdf 11. When comparative statements ar

Question

wnloads/CPA%20Questions%20Reporting%20(3).pdf 11. When comparative statements are issued and different auditors are associated with each of the two years, the current year report should a. contain both opinions b. contain only the current opinion and mention the prior opinion c. contain only the current opinion d. contain one opinion signed by both auditors e. either a or b 12. When a successor auditor decides to make reference to the predecessor auditor's report in the current year's opinion, that reference will appear in a. The intro paragraph only b. Intro and scope paragraph only c. Intro, Scope and opinion paragraphs d. None of the paragraphs are modified 13. The auditor completes the field work for the audit of ABC's 12/31/06 statements on 2/28/07. The client is sued on 3/15/07 for an event that occurred on 1/20/07. The audit opinion should be dated a. 12/31/06 b. 2/28/07 C. 3/15/07 d. 2/28/07, but dual dated 3/15/07 e. c. or d 14. An auditor concludes that there is a material inconsistency in the other information accompanying audited financia statements. This information does not require modification of the audited financial statemients. If the client refuses to revise this other information, the auditor may f. Issue an "except for" qualified opinion g. Issue a disclaimer of opinion h. Issue an unqualified opinion with an explanatory paragraph i. None of these- the audit opinion does not cover the other information

Explanation / Answer

11. Option B, as per ISA 710, auditor shall give the opinion on the current figures and also mentiona about the appropriateness of the previous figure

12. Option D, in the other matter paragraph the auditor will report the same

13. Option C

14. Option A, since there is inconsistency in the notes and not in the financial statements, auditor can issue qualified opinion.

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