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Auditor Should issue the appropriate opinion in the audit report Follows
No Material Material Misstatement Pervasive Material
Misstatement but Not Pervasive Misstatement
Unqualified qualified Adverse
opinion opinion opinion
ISA 700 ISA 705
Summary of auditor responsibilities related to fraud
▪ Auditor should identify and measuring fraud risks,
▪ evaluating managements steps to mitigate identified risks,
▪ and evaluate effectiveness internal controls that prevent and detect
fraud. In Planning the audit stage
▪ obtain appropriate audit evidence
▪ Document the whole audit process and issue audit opinion
▪ reasonable assurance about whether the statements are free of
material misstatements whether due to fraud or errors
▪ Auditor Should issue the appropriate opinion in the audit report as
Follows
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جميع الحقوق محفوظة ـ الإعتداء على حق المؤلف بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونية
