Report issued when the auditor on the basis of sufficient appropriate audit evidence, concludes that misstatements are both material and pervasive to the financial statement

Related MCQs

• A systematic and independent examination of data ,statements,records,operations,and performance(financial or otherwise) for a stated purpose. In any auditing situation,the auditor perceives and recognizes the propositions before him for examination,collects evidence,evaluates the same and on the basis formulates his judgement which is,communicated through his audit report.” This definition is given by
• The auditor who authorized the issue of misstatements in prospectus can be imprisoned for a term which may extend to
• Before the work of audit is commenced, the auditor prepares a written procedure needed to implement the audit work
• The Management Auditor has to submit the audit report to
• Forming an opinion on the financial statements the auditor‟s report shall be in
• Which of the following statement is not correct regarding basic features/ elements/ form of an Audit Report
• The audit fees and expenses incidental to audit shall be determined by
• Selecting and printing audit samples, comparing data on separate files, comparing audit data with clients records
• This kind of audit is conducted generally between two annual audit ______.
• Interim Audit refers to an audit conducted