A. Option A
B. Option B
C. Option C
D. Option D

Answer(s): C
Explanation:
Choice "c" is correct. Yes - Yes.
An "except for" qualified opinion is expressed when the "exceptions to GAAP" are not material
enough to warrant an adverse opinion, or when scope restrictions are not material enough to
warrant a disclaimer.
Choices "a", "b", and "d" are incorrect, per rule above.
QUESTION: 59
The following explanatory paragraph was included in an auditor's report to indicate a lack of
consistency:
"As discussed in note T to the financial statements, the company changed its method of
computing depreciation in X0."
How should the auditor report on this matter if the auditor concurred with the change? Type of
Location of opinion explanatory paragraph

A. Unqualified Before opinion paragraph
B. Unqualified After opinion paragraph
C. Qualified Before opinion paragraph
D. Qualified After opinion paragraph

Answer(s): B
Explanation:
Choice "b" is correct. If the auditor concurred with the change, a lack of consistency in applying
GAAP would result in an unqualified opinion with an explanatory paragraph following the opinion
paragraph. Choice "c" is incorrect. If the change in accounting principle is not accounted for
properly, then a qualified opinion would be appropriate and the explanatory paragraph would
appear before the opinion paragraph.
Choices "a" and "d" are incorrect, per the above rules.
QUESTION: 60
How does an auditor make the following representations when issuing the standard auditor's
report on comparative financial statements?

https://Free-Braindumps.com

Free AICPA CPA-Auditing Exam Braindumps (page: 28)

CPA-Auditing Exam Discussions & Posts