If the Previous Period's Financial Statements Are Unaudited, and Sufficient

question 1

Multiple Choice

If the previous period's financial statements are unaudited, and sufficient appropriate evidence is unavailable, then the current auditor's report will be:

• A) qualified on the basis of scope limitation.
• B) unqualified on the basis that the comparatives are unaudited and no opinion is expressed on them.
• C) qualified on the basis that the comparatives are unaudited and an opinion is expressed on them.
• D) qualified on the basis that the comparatives are unaudited and no opinion is expressed on them.

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Definitions:

Distribution Management

The process of overseeing the movement of goods from supplier or manufacturer to point of sale.

Sales Force Automation System

A system used to automate various sales and sales management functions, such as order processing, contact management, inventory monitoring, and sales forecast analysis.

Geographic Information System

A computer system used for capturing, storing, checking, and displaying data related to positions on Earth’s surface, facilitating the evaluation of geographical relationships and patterns.

Electronic Rolodex

A digital version of a traditional rolodex, used for storing and organizing contact information electronically.