Posted: April 1st, 2016

What are the circumstances that could prevent the external auditors from providing an unqualified report?

TPC wants to be ensured that the audit report for year end 2005 is a standard unqualified audit report. Management has requested that you create a presentation about how to obtain an unqualified audit report. Include the following details:

What are the circumstances that could prevent the external auditors from providing an unqualified report?
What steps can be taken by TPC to address any concerns?