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SA 700 MCQ Doubt

Auditing

Diff between unmodified and unqualified opinion. One is *clean opinion* and the other is *modified* clean opinion with emphasis of matter paragraph. If you could please elaborate this more or explain in detail.

Kaveesh Sethi

CA Inter

★ 2K+

23-Nov-20 21:50

333

Answers (3)

EOM does not make the report qualified. Any report other than qualified is a modified opinion.

CA Suraj Lakhotia

Admin

24-Nov-20 06:24

So if is No EOM para and everything seems fine materially it's an Unmodified opinion. Everything same like unmodified + EOM is a Unqualified opinion. Right Sir ?

Thread Starter

Kaveesh Sethi

CA Inter

★ 2K+

26-Nov-20 17:55

Thread Starter

Kaveesh Sethi

So if is No EOM para and everything seems fine materially it's an Unmodified opinion. Everything same like unmodified + EOM is a Unqualified opinion. Right Sir ?

Yes.

CA Suraj Lakhotia

Admin

27-Nov-20 15:36