When the Financial Statements Do Not Present Fairly the Financial

question 45

Multiple Choice

When the financial statements do not present fairly the financial position, results of operations, or cash flows of an entity in conformity with generally accepted accounting principles, the auditor should issue an) :

• A)Unqualified opinion
• B)Disclaimer of opinion
• C)Disqualified opinion
• D)Adverse opinion

---

Definitions:

Economist

A professional or scholar who studies, teaches, or practices economics, focusing on the distribution, production, and consumption of goods and services.

Philosopher

An individual who practices philosophy, which involves rational inquiry into areas such as existence, ethics, logic, and knowledge.

Special Abilities

Unique skills or talents possessed by individuals, which can range from intellectual or creative capacities to physical prowess or sensory acuities.

Virtue

A trait or quality deemed to be morally good and thus is valued as a foundation of good moral being.