![]() Noted: These types of modified audit opinion is applied only if auditor use International Standard on Auditing. That is why the audit opinion is matter to not only executive management, but also investors and shareholders. We will talk about these opinions in detail and you will learn techniques about them.Īudit opinion that expresses to the financial statements imply not only how the entity’s financial statements are, but also inform the readers or users of audit report about the integrity of executive management in the organization. The level of modification classifies into three different types based on the level of misstatements, pervasiveness, and sufficiency of audit evidence according to ISA 705.Īs per ISA 705, auditors need to modify their opinion (qualified report) according to the detailed guideline in ISA 705 if the misstatements are found by auditors in the financial statements.īased on ISA 705, modification to the opinion in the independent auditors’ report, there are three modified audit opinions: ![]() ![]() There are three sub audit opinions belong to Modified Opinion. Modified opinions are the types of audit opinions that issue to entity’s financial statements when auditors found that those statements are not prepared and present fairly in all material respect in accordance with the accounting framework that they are using. ![]()
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