Ch 20

Question 1

Unmodified opinion

Answer 1

the opinion expressed by the auditor when the auditor concludes that the FS are prepared, in all material aspects, in accordance with the applicable financial reporting framework

Question 2

Key Audit Matters

Answer 2

those matters that, in the auditor’s professional judgment were of most significance in the audit of the financial statements of the current period. (the communication of KAM’s is only relevant to the audit of listed entities) and are selected from matters communicated with those charged with governance