The following questions concern unmodified opinion audit reports. Choose the best response.
a. Which of the following is not a required element of a standard unmodified opinion
audit report issued in accordance with AICPA auditing standards?
(1) A title that emphasizes the report is from an independent auditor
(2) The city and state of the audit firm issuing the report
76Part 1 / THE AUDITING PROFESSION
(3) A statement explaining management’s responsibilities for the financial statements
(4) The name of the engagement partner
b. The date of the CPA’s opinion on the financial statements of the client should be the
date of the
(1) completion of all important audit procedures.
(2) closing of the client’s books.
(3) finalization of the terms of the audit engagement.
(4) submission of the report to the client.
c. If a principal auditor decides to refer in his or her report to the audit of another auditor, he or she is required to disclose the
(1) name of the other auditor.
(2) nature of the inquiry into the other auditor’s professional standing and extent of
the review of the other auditor’s work.
(3) reasons for being unwilling to assume responsibility for the other auditor’s work.
(4) portion of the financial statements audited by the other auditor.
