A Disclaimer of Opinion Is Issued Whenever the Auditor

question 62

Multiple Choice

A disclaimer of opinion is issued whenever the auditor:

• A) has been unable to obtain sufficient appropriate audit evidence on which to base the opinion and that the possible effects on the financial report could be both material and pervasive.
• B) believes that the overall financial report is not presented fairly.
• C) has determined that the financial report is presented fairly.
• D) believes that some material part(s) of the financial report are not presented fairly.

---

Definitions:

Time Series

A sequence of data points collected or recorded at successive times, usually at uniform intervals.

Cross-Sectional

A type of study or analysis that examines data from a population at one specific point in time.

Cross-Sectional

A type of observational study that involves the analysis of data collected from a population, or a representative subset, at one specific point in time.

Time Series

A sequence of data points, typically consisting of successive measurements made over a time interval.