Auditing standards require that the audit report must be titled and that the title must:
include the word "independent
The purpose of the introductory paragraph in the standard unqualified report is:
to identify the financial statements audited and the dates and time periods covered by the report.
The scope paragraph of the standard unqualified audit report states that the audit is designed to:
obtain reasonable assurance whether the statements are free of material misstatement.
The audit report date on a standard unqualified report indicates:
he last day of the auditor's responsibility for the review of significant events that occurred subsequent to the date of the financial statements.
As a result of management's refusal to permit the auditor to physically examine inventory, the auditor has not accumulated sufficient appropriate evidence to conclude whether financial statements are stated in accordance with GAAP. The auditor must
the scope of the audit has been restricted
An adverse opinion is issued when the auditor believes
the overall financial statements are so materially misstated that they do not present fairly the financial position or results of operations and cash flows in conformity with GAAP.