What types of auditor's report are there?

Test yourself

5 questions on this topic: pick an option or reveal the answer.

1. Under ISA 701, in which audit is the "Key audit matters" section mandatorily included in the auditor's report?

   AIn the audit of any small enterpriseBIn the audit of complete sets of general purpose financial statements of listed entities (listed on a stock exchange)COnly in audits where the auditor expressed an adverse opinionDOnly in audits of state budget organizations
   Show answer

2. Under Article 9 of the Law "On Auditing Activity" (ZRU-677), where must the International Standards on Auditing applied as auditing standards be published?

   AOn each audit firm's own websiteBOn the official website of the authorised bodyCOnly in printDOn the client company's notice board
   Show answer

3. In the audit of "Kamalak tekstil", the auditor's report is planned to be signed on 20 March. Under ISA 580, what date should management's written representations (representation letter) bear?

   AThe balance sheet date, i.e. 31 DecemberBThe date the audit engagement agreement was signedCAny date after the date of the reportDAs near as practicable to the date of the report, but not after it
   Show answer

4. The auditor's report was signed on 1 March 2027. According to the application material of ISA 230 (audit documentation), what is usually an appropriate time limit for completing the assembly of the final audit file?

   ANot more than 60 days after the date of the reportBNot more than 10 days after the date of the reportCUntil the end of the next reporting yearDAt least 5 years after the date of the report
   Show answer

5. The auditor was unable to obtain sufficient appropriate audit evidence, and the possible effects could be both material and pervasive. Under ISA 705, what does the auditor do?

   AExpresses an unmodified opinionBIssues a disclaimer of opinionCExpresses an adverse opinionDOnly adds an emphasis of matter paragraph
   Show answer