If an Auditor Determines That the Financial Statements Fairly Present

question 72

Multiple Choice

If an auditor determines that the financial statements fairly present the financial results and position of the client except for one fairly minor,but material,item that is not properly presented,the auditor would issue a(n) :

• A) unqualified opinion
• B) qualified opinion
• C) adverse opinion
• D) disclaimer of opinion

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Definitions:

Corporate Ethics Codes

A set of principles and guidelines that a company adopts to govern its employees' behavior, supporting ethical business practices.

Ethical Responsibility

The duty to act in a morally correct manner, taking into account the impacts of one's decisions and actions on others and society.

Individual To Group

The psychological and social process where individual behavior shifts when they are part of a group, influencing and conforming to group dynamics.

Stakeholders

Individuals, groups, or organizations that have an interest or stake in the performance and actions of a company or project, affecting or being affected by its activities.