If Financial Statements Contain a Material but Non-Pervasive Departure from Generally

question 52

Multiple Choice

If financial statements contain a material but non-pervasive departure from generally accepted accounting principles, the auditors should render a(n)

• A)Qualified opinion with reference to departure.
• B)adverse opinion with scope limitation reference.
• C)adverse opinion with reference to departure.
• D)disclaimer of opinion.

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Definitions:

Liberty ships

A class of cargo ships built in the United States during World War II, designed for rapid construction to support the Allied war effort.

Stalingrad

The site of a significant and brutal battle during World War II between Soviet and Axis forces, known for its strategic importance and the immense loss of life.

Eastern Europe

A region comprising countries on the Eastern part of the European continent, often characterized by its history under Soviet influence during the Cold War.

Arsenal of Democracy

A phrase used by President Franklin D. Roosevelt in 1940 to describe the United States' role in providing military equipment and supplies to countries fighting against Axis powers in World War II.