4 (a) ISA 701 Modifications to The Independent Auditor’s Report includes ‘suggested wordin

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4 (a) ISA 701 Modifications to The Independent Auditor’s Report includes ‘suggested wording of modifying phrases

for use when issuing modified reports’.

Required:

Explain and distinguish between each of the following terms:

(i) ‘qualified opinion’;

(ii) ‘disclaimer of opinion’;

(iii) ‘emphasis of matter paragraph’. (6 marks)

参考答案:

4 PETRIE CO(a) Independent auditor’s report terms(i) Qualified opinion – A qualified opinion is expressed when the auditor concludes that an unqualified opinion cannot beexpressed but that the effect of any disagreement with management, or limitation on s

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