If an Auditor Wishes to Draw Attention to Important Information

question 86

Multiple Choice

If an auditor wishes to draw attention to important information that is already presented or disclosed in the financial statements, the auditor would include a _______.

• A)qualified opinion
• B)disclaimer of opinion
• C)emphasis-of-matter paragraph
• D)scope limitation paragraph

---

Definitions:

Morale

The overall mood, confidence, and level of satisfaction among members of a group or organization.

Hidden Benefits

Advantages or positive outcomes that are not immediately obvious or recognized, often becoming apparent over time or upon closer examination.

Procrastination

The act of delaying or postponing tasks or decisions, often leading to stress, anxiety, or negative outcomes.

Groupthink

A problematic type of thinking that results from group members who are overly willing to agree with one another because of time pressure, stress, and low collective self-esteem.