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Hi sir,
hope you doing good.
suppose the auditor found material misstatements that is pervasive and asked the management to correct or explain. thankfully the management corrected the error. question,will the auditor issue qualified except for.. sort of opinion as he will do when the management reject to correct the error.
secondly, can we say the report is modified in this case or it is unmodified as the errors are corrected.
thanks,kim.Welcome to my forum!
If the auditor finds misstatement(s) – the first “port of call” is always to have management address the issue – so if errors are corrected, the misstatement is eliminated – and the audit opinion must therefore be unmodified.
Here is a related post https://opentuition.com/topic/general-idea-about-audit-misstatements-and-modified-opinion
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