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SSC Audit Tax Finance P-II QUESTION #6231
Question 1
A 'Modified Auditor's Report' is issued when:
  • The company changes its registered office address
  • The audit fee is increased by the shareholders
  • The auditor concludes the financial statements do not show a true and fair view✔️
  • The auditor uses the Fourth Schedule instead of the Fifth
Correct Answer Explanation
A modified report is issued when the auditor's opinion is no longer 'unqualified' regarding the truth and fairness of the accounts.