The primary objective of the auditor under SA 700 is to form an opinion based on an evaluation of the conclusions drawn from the:
Aaudit evidence obtained
Bclient's press releases
Cprevious year's report only
Dmanagement's forecasts
Answer & Solution
Correct answer: A. audit evidence obtained
Under SA 700 the opinion is based on conclusions from the audit evidence obtained.
Related questions
Determining Key Audit Matters involves selecting from matters communicated with:An unmodified opinion accompanied by an Emphasis of Matter paragraph still conveys that thThe 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