The auditor’s options when giving a MODIFIED AUDIT OPINION - ASA/ISA705

[@dishanimalliyawadu5968]

Cutest explanation ever of pervasiveness. Simply amazing!!!

[@subhashree8887]

For a new learner of auditing it's really helpful and video is so good by giving important info at shrt time

[@subhashree8887]

Need more videos in auditing. Thanks for the video

[@amandalovestoaudit]

Hi Subha - be sure to check out my full video study guide - bit.ly/studyaudit

[@owenkulapani2294]

awesome

[@faiezarshad]

Hi Amanda, thank you so much for making these videos, I have found them very helpful. I had a question in regards to issuing a qualified opinion. Do we issue a qualified opinion if the financial statements in aggregate materially misstated for example a few accounts were misstated but the misstatement individually was not material, but as a whole it is. Or do we issue it when a specific account is misstated. Thank you

[@amandalovestoaudit]

Hi Faiez - a great question! If a group of misstatements are individually immaterial, but as a group are material and change how you would view the financial statements - then yes, if management do not make the requested adjustments - we can give a qualified opinion ☺️

[@anikiu3208]

'Audit report are classified into two types : unmodified (unmodified opinion) and modified audit report (unmodified opinion-emphasis on matter or other matter) and (modified opinion-qualified, adverse and disclaimer of opinion)' this is stated in International Auditing Standard 700 or not? Please answer this. I am confuse about classification of audit report and audit opinion.

[@amandalovestoaudit]

Hmmm - I’ll have to check that for you - I thought modifications no longer included EoMs which is why they exist in 706 on their own.

[@laurelhamilton9048]

Not really helpful, video is too short and fast.