A PA Finds That the Client Has Not Capitalized a Material

question 5

Multiple Choice

A PA finds that the client has not capitalized a material amount of leases in the financial statements.When considering the materiality of this departure from IFRS,the PA's reporting options are

• A)qualified or adverse opinion.
• B)unmodified or disclaimer of opinion.
• C)unmodified or qualified opinion.
• D)unmodified opinion with an Emphasis of Matter paragraph.

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Definitions:

Heterotrophs

Organisms that obtain their energy by consuming other living or deceased organisms, unable to synthesize their own food.

Photosynthesize

The process by which green plants, algae, and certain bacteria convert light energy into chemical energy, producing oxygen as a byproduct.

Grana

Stacks of thylakoids in the chloroplasts of plant cells, where photosynthesis takes place.