THE THEORETICAL STRUCTURE OF AUDIT OPINION SPACE

Abstract

Auditing is essentially a decision process , ultimately reaching an auditors, opinion as to the overall fairness of the financial reporting. Currently, there are four opinion alternatives available to the auditor, . one of which he must choose at the end of his examination. These opinions were promulgated by the American Institute of CPAs (AICPA) in the form of a descriptive model and are well accepted by the public and the S.E.C.