Limitation of scope helpsheet
This helpsheet was last updated in February 2019 and is based on the relevant laws and regulations that apply as at 1 February 2019.
This helpsheet is designed to explain the main changes that are needed to the audit report when an auditor considers it necessary to issue a modified opinion on the financial statements due to a limitation on the scope of the audit. The example chosen to illustrate the amendments needed to an unmodified opinion is where the auditor was appointed after the date of the inventory count and cannot obtain sufficient, appropriate audit evidence about the existence and condition of inventory by alternative means.
Terms and conditions
© ICAEW 2019 All rights reserved.
ICAEW cannot accept responsibility for any person acting or refraining to act as a result of any material contained in this helpsheet. This helpsheet is designed to alert you to an important issue of general application. It is not intended to be a definitive statement covering all aspects but is a brief comment on a specific point.
You have permission to use and reproduce this helpsheet on the following conditions:
The helpsheet is to be reproduced for personal, non-commercial use only and is not for re-distribution.