When Auditors Lack Independence, Which of the Following Is True

question 127

Multiple Choice

When auditors lack independence, which of the following is true about the report on the entity's financial statements that should be issued?

• A)The auditors should disclaim an opinion and should state specifically that they are not independent.
• B)The auditors should disclaim an opinion but not mention that they are not independent.
• C)The auditors should issue an unmodified opinion with an other-matter paragraph stating that they are not independent.
• D)The auditors should issue a qualified opinion with an other-matter paragraph stating that they are not independent.

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Definitions:

Catheter

A Catheter is a flexible tube inserted into the body for the purpose of removing fluids, administering medications, or accessing surgical sites.

Anesthesia

A loss of sensation, particularly the feeling of pain.

Cerebral Angiography

A diagnostic imaging procedure that uses X-rays to visualize the blood vessels in the brain, often used to detect abnormalities such as aneurysms or blockages.

Aneurysm

A serious and potentially life-threatening bulge in the wall of a blood vessel.