a) Types of qualification made by the auditor when there is a disagreement.
• Adverse opinion
This is where the disagreement with the management is so material and pervasive and the
auditor states that accounts do not give a true and fair view (inadequate disclosure)
• Qualified opinion
Application of inappropriate accounting method
b) Matters that form part of the opening paragraph
- Entity being audited
- State that the financial statements have been audited
- Financial statement being audited
- Date and period covered by the financial statement
- Summary of the significant accounting policies and other explanatory notes
Kavungya answered the question on May 15, 2019 at 08:50
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