4 TYPES OF AUDIT OPINION (REPORT) - AUDITING THEORY

#Auditing #TypesofAuditOpinion #TheCPARecipe #AuditingTheory
4 TYPES OF AUDIT OPINION (REPORT) - AUDITING THEORY
The 4 types of audit opinion (Unqualified, Qualified, Adverse and Disclaimer) are discussed in simple and easy to understand way.
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The CPA Board Exam is probably one of the toughest licensure exams in the Philippines.
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Links to Other Episodes:
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Episode 3: 10 Generally Accepted Auditing Standards (GAAS)
• 10 GENERALLY ACCEPTED ...
Episode 4: Audit Risk Model (Inherent, Control and Detection Risk)
• Audit Risk Model (Audi...

[@cathalfonso7117]

Thank you po! ❤

[@kriziamariekallos7950]

THANK YOU FOR THIS SUPER SUMMARIZED AND WELL TAUGHT VIDEO!! MORE OF THESE PLEASE. NAKAKA UMAY KASI MAG BASA NG PSAs NA MAHAHABA HUHU

[@erniedevega8028]

Thank you sir for a very well presented audit reports differentiation. This is a big help.

[@michaelvillareal9593]

Sir gawa po kayo ng video about sa Types of Audit at Auditing Techniques...thank you...

[@GTV-kv7he]

Kudos to this video, hope you can suggest good review centers for CIA Exam in Philippines and how much does it cost..

[@themhayonnaise]

Please share online auditing study resources (free or paid) aside from iia library ❤️

[@relitacapili8594]

Salamat po sir nakakatulong eto

[@aeronrairoque]

0:36

[@allabouttiktok8306]

Kapag po ba unqualified it means perfect po ba pag ka audit po sau?

[@TheCPARecipe]

Hindi naman. Pwedeng may errors somehow but yung effect nila sa decision making ng user is not material. So taken as a whole, yung FS ay considered fairly presented and in accordance with applicable standards.

[@allabouttiktok8306]

@@TheCPARecipe Yong nga po mejo nalilito Rin PO Ako Kasi sabe mo fairly presented in all material po...what if po di ka po nakapag present Ng mga documents like sales invoice or unliquidated po belong parin Po ba sya sa unqualified opinion? Or depende po ba Kay auditor po Ang decision?

[@TheCPARecipe]

@@allabouttiktok8306 If ganyan pwede sya pumasok sa scope limitation. 😊 If material yung magiging effect ng lack of documents, pwedeng di makapag bigay ng opinion. So it will be a disclaimer of opinion instead. If the ommission is immaterial, example petty cash voucher worth P100 compared to millions, ignore. It's trivial na.

[@allabouttiktok8306]

@@TheCPARecipe ah I see thank you po ❤️ mejo naliwanagan po Ako salamat po

[@TheCPARecipe]

@@allabouttiktok8306 Sure no worries!