This simulation provides a hands-on experience in issuing audit reports, focusing on understanding the process and compliance standards.
Benjamin Fisher
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Issuing Audit ReportsIssuing Audit Reports SimulationACC 492Explain the differences between unqualified and modified audit reports, and provide examples ofsituations where an auditor might issue a modified report. Additionally, discuss theauditor'sliability for misstatements in the financial statements of an audited company.Word Count Requirement:Minimum 500 words.