4, No modification or 4, Emphasis of other matters Conditions for modified wording: 1. Make no reference: ‘The component auditor audits an immaterial part, so issuing astandard unqualified report. 2. Make a referene ‘The component auditor audits a material part that should be mentioned, so is: <3 unqualified with modified wording. 3. Qualify the opinion: for the component auditor's opinion or if the component auditor paragraphs. OR If there is GAAP departure and so modifying the opinion paragraph on 2. Still the F/S are fairly presented, except fora specific aspect. 2. Worst and is considered a rare type of report to be sued. Unqualified with explanatory Qualified ‘Kaverse paragraph or modified wording (Except for) 7 fis for oeplanatory paragraph: | Conditions: Conditions: Conditions 1. All statements of consistent application | 1. If there is scope 1. Severe 1. Severe scope 2. Sullicient app. of GAAP limitation (unable departure from i 2; Substantial doubt about going to gather sufficient | GAAP (overall F/S wing GAAS) concern evidence) and so are materially 3. F/S prepared 3. Auditor agrees with GAAP modifying both the | misstated). according to GAAP departure opinion and scope given rep $ decides to qualify his part and , _the principle agrees upon that, I? so issuing a qualified report, Misstatements: Mgstatements: Misstatements: naterial Material (in case of explanatory Material Highly materia paragraph conditions) Scanned with CamScanner