Audit Opinions

There is no such thing as a modified/unmodified report - only a modified/unmodified opinion. See beginning of our notes - Chapter 6 - an EoM is an example of an "additional section" in an auditor's report - it does not modify affect the audit opinion. So an auditor's report can have: - an EoM and an unmodified opinion - an EoM and a modified opinion on some matter not related to the EoM. For example, EoM draws attention a non-adjusting event after the reporting date (say a fire) and the opinion is modified due to misstatement of trade receivables.

Thank you, Sir So, in that case, qualified, disclaimer, and adverse are the different types of modified opinions?

Yes - if you download the notes https://opentuition.com/acca/aa/ you will find you the contents are linked to the chapters - and the pdf is searchable so easy to navigate. The modified opinion are summarised at the top of page 41 - followed by an example of each.

Appreciate all the help Sir, thank you :)

You are very welcome!