Qualified audit report

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May 17, 2018 at 12:25 pm #452429
Anonymous
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Hi, Would you mind helping me to clarify which one is the correct one?
For qualified opinion, there is always a basis for qualified opinion is include. But in exam answer sometimes it says the basis for qualified opinion should be below opinion paragraph (for example in June 2017) but sometimes states that it should be before opinion para (for example June 2016 and Dec 2014).
Thanks very much for your help
May 17, 2018 at 1:11 pm #452442
MikeLittle
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Following the revision to the auditing standards, the basis of opinion (qualified or not) should follow immediately the opinion paragraph

There are two relevant articles on the audit report as a result of the revisions – you can find them in the technical article section on the P7 home page on this site

But here are the links anyway:

The article headed:

https://www.accaglobal.com/hk/en/student/exam-support-resources/fundamentals-exams-study-resources/f8/technical-articles/auditor-report.html

The New Auditors’ Report

and the article

https://www.accaglobal.com/hk/en/student/exam-support-resources/professional-exams-study-resources/p7/technical-articles/auditor-reporting.html

An update for P7 students on Key Audit Matters

OK?
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