Which of the Following Guidelines Should Be Followed When a Disclaimer

question 108

Multiple Choice

Which of the following guidelines should be followed when a disclaimer of opinion is issued?

• A)The report should identify the financial statements accompanying the disclaimer of opinion.
• B)The report should be addressed to the client and specific users who originally retained the auditors.
• C)If the disclaimer is due to a lack of independence, the report should indicate the specific reasons for the auditors not being independent.
• D)The report should describe any auditing procedures performed prior to issuing the disclaimer.

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Definitions:

Fillet

A piece of meat or fish that has been stripped from the bone, often prepared for cooking.

Embryo

An early stage in the development of organisms, in humans this covers the first eight weeks following fertilization.

Obstetrics

The medical specialty dealing with childbirth and care of the mother.

Gynecology

A medical practice dealing with the health of the female reproductive systems (vagina, uterus, and ovaries) and the breasts.