Unmodified Opinion Flashcards
1
Q
What is an unmodified opinion?
A
An opinion expressed by auditor when auditor concludes that FSs are prepared, in all material aspects, in accordance with applicable financial reporting framework
2
Q
What if auditor concludes that FS as a whole are not free from material misstatement or cannot obtain sufficient appropriate audit evidence to make this conclusion?
A
Auditor must modify opinion in accordance with ISA 705
