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ACC 492 - Week 5 - Issuing Audit Reports Simulation

ACC 492 - Week 5 - Issuing Audit Reports Simulation
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ACC 492 - Week 5 - Issuing Audit Reports Simulation

 

Individual Assignment - Issuing Audit Reports Simulation           

Resources: Issuing Audit Reports simulation located on the Week Five Materials page

Complete the simulation.

Prepare a 350-word response to the following questions:

• What are the different types of audit reports and when should each be used?

• In what types of situations would an auditor be allowed to issue an unqualified audit report?

• To what extent is the auditor liable for misstatements in the financial statements of the audited company?