Auditing Homework
Watch the YouTube video "format of audit report" and then respond to the associated questions.
o What does the end product of an audit of a company is a report express on the client's financial statement.
o What are the two types of standard audit reports?
o What does the standard audit report indicate about the audit's scope and financial statement present fairly?
o What may be defined as sufficiently important to influence decisions made by reasonable users of financial statements?
o What type of audit report does a client typically want or hope for?
o What type of opinion is issued by the auditor if he or she is unable to determine the overall fairness of the financial statements?
o What type of opinion is issued by the auditor on the financial statements when there is some limitation on the scope of the audit, or when one or more items in the financial statements are not presented in accordance with applicable accounting principles?
o What influences materiality of the company being audited?
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length