Académique Documents
Professionnel Documents
Culture Documents
Chapter 3
1. Report title
2. Audit report address
3. Introductory paragraph
4. Scope paragraph
5. Opinion paragraph
6. Name of CPA firm
7. Audit report date
Unqualified with
Standard unqualified explanatory paragraph
or modified wording
1. Introductory paragraph
2. Scope paragraph
3. Definition paragraph
4. Inherent limitations paragraph
5. Opinion paragraph
1. Changes in an estimate
2. Error corrections not involving principles
3. Variations in format and presentation
of financial information
4. Changes because of substantially
different transactions or events
1. Scope limitation
2. GAAP departure
Failure to
follow GAAP
Audit report
Qualified
Unqualified Adverse
opinion only
Measurability
Scope
limitation
Audit report
Qualified scope
Unqualified Disclaimer
and opinion
Level of Materiality
Extremely
Immaterial Material Material
Qualified scope, additional
Unqualified paragraph, and qualified Disclaimer
report opinion (except for) of opinion
Level of Materiality
Extremely
Immaterial Material Material
Additional paragraph
Unqualified and qualified opinion Adverse
report (except for) opinion
Level of Materiality
Extremely
Immaterial Material Material
Disclaimer of opinion
(regardless of materiality)