Multiple Choice
An auditor who is reporting on financial statements that contain a material departure from generally accepted accounting principles should include a separate explanatory paragraph and ________.
A) express a qualified or adverse opinion
B) not modify the opinion paragraph as long as the departure is adequately disclosed in a footnote
C) deny an opinion on the financial statements
D) express a qualified opinion or deny an opinion
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Under which of the following circumstances would
Q2: Which level of assurance is provided by
Q3: Why must a CPA issue a report
Q4: In which of the following circumstances is
Q5: A scope limitation imposed by a client
Q7: Green,CPA,was engaged to audit the financial statements
Q8: Auditing standards require that an appropriate communication
Q9: If financial statements contain a very material
Q10: An independent auditor must consider whether the
Q11: Which level of assurance results in a