If Financial Statements Contain a Very Material Departure from GAAP

question 47

Multiple Choice

If financial statements contain a very material departure from GAAP such that the financial statements are virtually useless, the auditor can render a (an)

• A)Qualified "except for" opinion with reference to the departure.
• B)Adverse opinion with scope limitation reference.
• C)Adverse opinion with reference to the departure.
• D)Disclaimer of opinion.

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Definitions:

Manipulative

Involving the skillful handling or controlling of things or people, often in a cunning or deceptive manner.

Rigid

Characterized by inflexibility or strictness in structure, behavior, or thinking, often resistant to change.

Solve Problems

Involves identifying and resolving issues through analytical and creative thinking.

Nonverbal

Communication conveyed through body language, facial expressions, gestures, and other physical means rather than verbal speech.