An unmodified opinion accompanied by an Emphasis of Matter paragraph still conveys that the financial statements are:
Amaterially misstated
Bfraudulent
Cnot auditable
Dfree from material misstatement
Answer & Solution
Correct answer: D. free from material misstatement
An unmodified opinion with EOM still says the statements are free from material misstatement.
Related questions
The primary objective of the auditor under SA 700 is to form an opinion based on an evaluaDetermining Key Audit Matters involves selecting from matters communicated with:The auditor's report for a company is signed by the auditor mentioning the firm's registraIf the financial statements are materially misstated due to a single matter that is NOT peA qualified opinion is expressed using the phrase in the opinion paragraph:The date of the auditor's report informs the reader that the auditor has considered eventsBefore forming an opinion, the auditor must conclude whether sufficient appropriate audit An 'Other Matter' paragraph is used to communicate a matter other than those presented or