阿伦斯审计学一种整合的方法课后习题答案ch03.docVIP

Chapter 3 Audit Reports Review Questions 3-1 Auditors reports are important to users of financial statements because they inform users of the auditors opinion as to whether or not the statements are fairly stated or whether no conclusion can be made with regard to the fairness of their presentation. Users especially look for any deviation from the wording of the standard unqualified report and the reasons and implications of such deviations. Having standard wording improves communications for the benefit of users of the auditor’s report. When there are departures from the standard wording, users are more likely to recognize and consider situations requiring a modification or qualification to the auditor’s report or opinion. 3-2 The unqualified audit report consists of: Report title Auditing standards require that the report be titled and that the title includes the word independent. Audit report address The report is usually addressed to the company, its stockholders, or the board of directors. Introductory paragraph The first paragraph of the report does three things: first, it makes the simple statement that the CPA firm has done an audit. Second, it lists the financial statements that were audited, including the balance sheet dates and the accounting periods for the income statement and statement of cash flows. Third, it states that the statements are the responsibility of management and that the auditors responsibility is to express an opinion on the statements based on an audit. Scope paragraph. The scope paragraph is a factual statement about what the auditor did in the audit. The remainder briefly describes important aspects of an audit. Opinion paragraph. The final paragraph in the standard report states the auditors conclusions based on the results of the audit. Name of CPA firm. The name identifies the CPA firm or practitioner who performed the audit. Audit report date. The appropriate date for the report is the one on which the auditor has compl