An Auditor Decided to Issue a Qualified Opinion on an Entity's

question 30

Multiple Choice

An auditor decided to issue a qualified opinion on an entity's financial statements because a major inadequacy in its computerized accounting records prevented the auditor from applying necessary procedures.The opinion paragraph of the auditor's report should state that the qualification pertains to

• A)A GAAP departure.
• B)A departure from generally accepted auditing standards.
• C)The possible effect of the lack of audit evidence on the financial statements.
• D)Inadequate disclosure of necessary information.

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Definitions:

Biologically Extinct

A status indicating that a species no longer exists anywhere on Earth, surpassing the point of conservation or recovery.

Species At Risk Act

Canadian legislation aimed at protecting endangered or threatened species and their habitats from further harm.

Legal Protection

Measures and policies implemented through the legal system to safeguard interests, rights, or properties, including environmental conservation, intellectual property, and human rights.

Wildlife Species

Refers to animals that inhabit and thrive in wild areas without human intervention, contributing to biodiversity and ecological balance.