AUDITING REPORT MODIFICATIONS

Auditing Report Modifications

Name of Writer

Name of Institution

Auditing Report Modifications

Situations:

1. In auditing the long-term investments account, an auditor is unable to obtain audited financial statements for an investee located in a foreign country. The auditor concludes that sufficient appropriate audit evidence regarding this investment cannot be obtained.

D. A disclaimer of opinion

J. Describe the circumstances in an explanatory paragraph preceding the opinion paragraph, and modify the opinion paragraph.

2. Due to recurring operating losses and working capital deficiencies, an auditor has substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time. However, the ...