Santa Monica College Auditing and Assurance Services Research Paper
Question Description
please answer to the questions related to the auditing. I’m gonna attach my professor slides . one small paragraph is enough for each question please make them separate. you can google them but please paraphrase them.
1) Identify the four major sections of the auditors standard (unmodified) report for a nonpublic entity and the major contents of each section.
2)What are the major differences in the auditors report for nonpublic and public entities?
3) Provide an example of a client-imposed scope limitation and circumstance-imposed scope limitation. Which of these scope limitations is generally of more concern to auditors?
4) Define group auditors and component auditors.
What issues are introduced when component auditors examine a division, subsidiary, or segment of group financial statements?
5) What are auditors reporting options when going-concern uncertainties are noted?
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