AU-C 700 Forming an Opinion and Reporting on Financial Statements

question 60

Multiple Choice

AU-C 700 Forming an Opinion and Reporting on Financial Statements defines an unmodified opinion as the opinion expressed by the_______.

• A)internal auditor when the auditor concludes the financial statements are presented fairly, in all material respects, in accordance with the applicable financial reporting framework
• B)external auditor when the auditor concludes the financial statements are presented fairly, in all material respects, in accordance with the applicable financial reporting framework
• C)external auditor when the auditor concludes the financial statements are presented fairly, in all material and immaterial respects, in accordance with the applicable financial reporting framework
• D)external auditor when the auditor concludes the financial statements are presented fairly, in all material respects, in accordance with the international financial reporting standards

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Definitions:

Puritan Churches

Religious institutions established by the Puritans, who were a group of English Protestants seeking to "purify" the Church of England from its Catholic practices in the 16th and 17th centuries.

Partial Membership

Partial membership refers to having a limited or non-full status within an organization, group, or community, often with certain restrictions on rights or access to benefits.

Protestant-Catholic Conflict

Refers to historical tensions and hostilities between Protestants and Catholics, significantly influenced by theological disagreements and political conflicts.

Maryland

A state in the eastern United States, known for its waterways and coastlines on Chesapeake Bay and the Atlantic Ocean.