| A8. | ISA (UK and Ireland) 705 establishes requirements and provides guidance on circumstances that may result in a modification to the auditor's opinion on the financial statements, the type of opinion appropriate in the circumstances, and the content of the auditor's report when the auditor's opinion is modified. The inability of the auditor to obtain sufficient appropriate audit evidence regarding opening balances may result in one of the following modifications to the opinion in the auditor's report: |
| (a) | A qualified opinion or a disclaimer of opinion, as is appropriate in the circumstances; or |
| (b) | Unless prohibited by law or regulation, an opinion which is qualified or disclaimed, as appropriate, regarding the results of operations, and cash flows, where relevant, and unmodified regarding financial position. |
| The Appendix includes illustrative auditors' reports.5a |
| 5a The examples in the Appendix have not been tailored for the UK and Ireland. Illustrative auditor's reports tailored for use with audits conducted in accordance with ISAs (UK and Ireland) are given in the current versions of the APB Compendia Auditor's Report Bulletins. |
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