Homework Lance

Issuing Audit Reports Simulation. Complete the simulation “Issuing Audit Reports” located on the Materials page. After completing the simulation, prepare a 350-word response to following questions:

1. What are the different types of audit reports and when should each be used?
2. In what types of situations would an auditor be allowed to issue an unqualified audit report?
3. To what extent is the auditor liable for misstatements in the financial statements of the audited company?

Note: Issuing Audit Reports simulation located on the Week Five Materials page

Submit your Course Summary the Main Classroom forum. Submit a brief Course summary indicating what you have learned from this course over the past 5 weeks.

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