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  • Asymchronous Class in Government Auditing PA 31,32,,33

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    Eleonor Claveria
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    The document contains instructions for a government auditing assignment, asking students to answer 5 questions regarding key concepts in auditing. Students are asked to submit their responses in Word format by May 7, 2021. The questions cover CPAs opinions on financial statements; when a CPA would express an unqualified, qualified, or disclaimer of opinion; auditing standards referenced in audit reports; the significance of independence for audit work; and the meaning of the phrase "present fairly" in auditors' reports.

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    Asymchronous class in Government Auditing PA 31,32,,33

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    The document contains instructions for a government auditing assignment, asking students to answer 5 questions regarding key concepts in auditing. Students are asked to submit their responses in Word format by May 7, 2021. The questions cover CPAs opinions on financial statements; when a CPA would express an unqualified, qualified, or disclaimer of opinion; auditing standards referenced in audit reports; the significance of independence for audit work; and the meaning of the phrase "present fairly" in auditors' reports.

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    14 views1 page

    Asymchronous Class in Government Auditing PA 31,32,,33

    Uploaded by

    Eleonor Claveria
    The document contains instructions for a government auditing assignment, asking students to answer 5 questions regarding key concepts in auditing. Students are asked to submit their responses in Word format by May 7, 2021. The questions cover CPAs opinions on financial statements; when a CPA would express an unqualified, qualified, or disclaimer of opinion; auditing standards referenced in audit reports; the significance of independence for audit work; and the meaning of the phrase "present fairly" in auditors' reports.

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    © All Rights Reserved
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    of 1

    City of Manila

    UNIVERSIDAD DE MANILA

    College of Business, Accountancy, Economics and Entrepreneurship


    GOVERNMENT AUDITING
    .
    NAME :______________________________YEAR AND SEC._______SCORE:__________

    Instructions: Answer the following QUESTIONS and submit your output in a word
    format before/on MAY 7,2021.

    1. What kinds of opinions do CPAs express regarding Financial


    Statements?

    2. When does a CPA express

    a. an unqualified opinion?

    b. Qualified opinion

    c. Disclaim an opinion

    3. What are the “ Auditing Standards” referred to in Audit reports?

    4. What is the significance of “INDEPENDENCE” in relation to audit


    work?

    5. What is the significance of the expression “present fairly” in


    auditors report?

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