Question

The scope paragraph of an unqualified opinion primarily gives information relating to which of the following?

a. The division of responsibilities.
b. The final assessment of a company's standings with the audit firm.
c. The statements and dates under audit.
d. Audit planning and procedure.

Answer 1

The scope paragraph of an unqualified opinion provides information about the financial statements that were audited and the period they cover, confirming that the audit was conducted in accordance with generally accepted auditing standards.

Step-by-step explanation:

The scope paragraph of an unqualified opinion in an audit report primarily provides information related to c. The statements and dates under audit. An unqualified opinion indicates that the financial statements present a true and fair view of the company's financial position and operations, without any significant reservations. The scope paragraph outlines the extent of the audit work that was conducted, including the financial statements that were audited and the period they cover. It assures readers that the audit was performed in accordance with generally accepted auditing standards, which may include the testing of the accounting records and other procedures necessary to express such an opinion.