AUD Practice Test

1Single Choice

A new engagement partner is reviewing the planned audit strategy for a private company client and notes that the entity uses a special purpose framework. According to AU-C Section 800 (or its successor), which of the following statements is correct regarding the auditor's report on special purpose financial statements?

A.The auditor must express an unmodified opinion with no modifications.
B.The auditor's report must include an emphasis-of-matter paragraph drawing attention to the basis of accounting used.
C.The auditor's report should use the same heading and wording as audits conducted under GAAP.
D.Special purpose framework audits do not require communication with those charged with governance.

Reveal the answer to continue