Multiple Choice
If the financial statements contain a departure from GAAP, the auditor should express:
A) an adverse opinion.
B) a qualified opinion.
C) a disclaimer of opinion.
D) either a disclaimer of opinion or a qualified opinion.
E) either a qualified opinion or an adverse opinion.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: Words and phrases from the auditor’s standard
Q16: The second standard of field work requires
Q17: It is permissible under GAAS for the
Q18: According to SAS 54, the auditor's responsibility
Q19: The concepts of materiality and risk affect
Q21: The public companies accounting oversight board's (PCAOB)
Q22: A disclaimer of opinion really states that:<br>A)
Q23: In the case of a very material
Q24: SAS refers to the Statements on Auditing
Q25: GAAS are applicable in each financial statement