- Hello, please help me with my homework. It is fairly easy, I just don\'t want

Question

- Hello, please help me with my homework. It is fairly easy, I just don't want to mess anything up. It is one problem with a few short true and false. All you have to do is state whether the statement is true or false. Thank you in advance! :)

a. A disclaimer of opinion should be given if there is a significant scope limitation or a major departure from GAAP. T or F

b. A client- imposed scope limitation that significantly limits audit scope should result in a qualified opinion. T or F

c. The audit report should be modified to include an explanatory paragraph if the client has changed a material accounting principal. T or F

d. What used to be referred to as an "unqualified opinion" is now called a "modified opinion" for public companies. T or F

e. An auditor should never express a different opinion on the income statement than on the balance sheet.T or F

f. An auditor does not have a responsibility to consider internal controls in the review of a nonpublic company. T or F

g. Independence is required for all forms of assurance services. T or F

h. A financial forecast is the same thing as a financial projection. T or F

i. Sarbanes- Oxley allows CPA firms to provide both internal and external auditing services to the same public company. T or F

Explanation / Answer

A. True

B. True

C. True

D. False, it's called unmodified opinion

E. True

F. False

G. True

H. True

I.. False

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