Describe four types of audit opinions Green and Associates may provide at the conclusion of a corporate financial audit.

ETH 376 – Week 5

Learning Team – Standards-Based Decision Making

Resource: The ABC Corporation Case located on your student website

Write a 750- to 1,050-word paper accomplishing the following:

Describe four types of audit opinions Green and Associates may provide at the conclusion of a corporate financial audit. Specifically, describe and illustrate an unqualified, unqualified with explanatory paragraph, qualified, and adverse opinion. Differentiate between the opinions and provide specific criteria that warrant each type of opinion.

Determine whether the inventory valuation method used by ABC Corporation was legal and compliant with GAAP.

Is the client’s refusal to procure an audit of Internal Controls over Financial Reporting in violation of Sarbanes-Oxley? Why or why not?

In compliance with GAAS, which type of audit opinion should Green and Associates issue?

Discuss the ethical issues involved for ABC Corporation and for Green and Associates.

Format your paper consistent with APA guidelines.

OR

Prepare a PowerPoint Presentation that includes the above. Must be detailed.

Learning Team – Weekly Reflection

Discuss the previous week’s objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.

Prepare a response detailing the findings of your discussion. This should be no more than three paragraphs and needs to be concise.

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