According to the AICPA Principles, Which of the Following Is

question 32

Multiple Choice

According to the AICPA principles, which of the following is incorrect?

• A) If the auditor has reservations about the fairness of financial statement presentation, the reason(s) must be stated in the auditor's report.
• B) If there is a material departure from GAAP in the financial statements, the auditor should explicitly state the nature of the departure and the dollar effects where determinable.
• C) Auditors should state the reasons why an unqualified opinion cannot be issued.
• D) Auditors should issue an unqualified opinion in all cases where companies have provided an entire set of financial statements and footnotes that include all years presented for comparative purposes.

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Definitions:

Physiological Process

Biological functions and activities carried out by living organisms to maintain life.

Listening

The active process of receiving, interpreting, and reacting to spoken messages.

Second-Guessing

Questioning the ideas and assumptions underlying a message; assessing whether the message is true or false.

Listening Style

Preferred way of making sense out of spoken messages.