Under Which of the Following Circumstances Would a Disclaimer of Opinion

question 15

Multiple Choice

Under which of the following circumstances would a disclaimer of opinion be appropriate?

• A)The client refuses to allow the auditor to review the minutes of the Board of Director's meetings.
• B)The financial statements fail to contain adequate disclosure of related party transactions.
• C)The auditor is engaged during the year and is unable to observe opening physical inventories which are material.
• D)The auditor has identified illegal payments to foreign officials made by the client's management.

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Definitions:

Affective Component

The emotional aspect of attitudes, which describes how people feel about something.

Specific Feelings

Distinct emotional responses to certain stimuli, which can be clearly identified and described.

Emotional Dissonance

The conflict or inconsistency between the emotions people feel and the emotions they project or are expected to display.

Affective Events Theory

A psychological model that explains how workplace events cause emotional reactions, which in turn can influence employees' job performance and satisfaction.