1. Distinguish between a qualified opinion, an adverse opinion and a disclaimer of opinion. Explain the circumstances under which each is appropriate. 2. Under what circumstances must the auditor’s...

1. Distinguish between a qualified opinion, an adverse opinion and a disclaimer of opinion. Explain the circumstances under which each is appropriate.

2. Under what circumstances must the auditor’s report refer to the consistency, or the lack of consistency, in the application of IFRSs or GAAP? What is the purpose of such reporting?

3. What is the difference between a scope limitation and an uncertainty? Give an example of each.

4. What are the possible auditor’s actions when a company’s management is unwilling to make the suggested modifications or extend its assessment?