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Which of the Following Is a Difference Between an Independent

Question 197

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Which of the following is a difference between an independent auditor's unqualified opinion and an independent auditor's qualified opinion?​


A) An unqualified opinion is given if the independent auditor identifies minor concerns but believes that on balance the firm's statements are a fair representation of the company's financial position, whereas a qualified opinion is given if the independent auditor discovers widespread and serious problems with a firm's statements.
B) An unqualified opinion is given if the independent auditor identifies minor concerns but believes that on balance the firm's statements are a fair representation of the company's financial position, whereas a qualified opinion is given if the independent auditor has no problems with the way a firm's financial statements were prepared and presented.
C) An unqualified opinion is given if the independent auditor has no problems with the way a firm's financial statements were prepared and presented, whereas a qualified opinion is given if the independent auditor identifies minor concerns but believes that on balance the firm's statements are a fair representation of the company's financial position.
D) An unqualified opinion is given if the independent auditor discovers widespread and serious problems with a firm's statements, whereas a qualified opinion is given if the independent auditor has no problems with the way a firm's financial statements were prepared and presented.

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