When Auditors Lack Independence, Which of the Following Is True

question 6

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 unqualified opinion with an explanatory paragraph stating that they are not independent.
• D)The auditors should issue a qualified opinion with an explanatory paragraph stating that they are not independent.

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Definitions:

Aneurysm

The abnormal enlargement or bulging of an artery due to weakness in the vessel wall, potentially leading to rupture.

Mammography

X-ray examination of the breasts.

Internal Breast Tissues

The complex biological tissues inside the breast, including glandular, fatty, and connective tissues.

MUGA Scan

stands for Multigated Acquisition Scan, a type of nuclear medicine procedure that creates video images of the lower chambers of the heart to check their functioning.