Green, CPA, Was Engaged to Audit the Financial Statements of Essex

question 91

Multiple Choice

Green, CPA, was engaged to audit the financial statements of Essex Co. after its fiscal year had ended. The timing of Green's appointment and the start of fieldwork made confirmation of accounts receivable by direct communication with the customers not feasible. However, Green applied other procedures and was satisfied as to the reasonableness of the account balances. Green's auditors' report most likely contained a(n)

• A)unqualified opinion.
• B)unqualified opinion with an explanatory paragraph.
• C)qualified opinion due to a scope limitation.
• D)qualified opinion due to a departure from generally accepted auditing standards.

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Definitions:

Inhibitory Synapses

Synaptic connections that decrease the likelihood of the firing action potential of a neuron, thereby reducing neural activity.

Dendritic Spines

Small, protruding structures found on the dendrites of neurons that form synaptic connections and are key to neuronal plasticity and learning.

Habituation

The psychological process by which an individual becomes accustomed to a stimulus through repeated exposure, leading to a decrease in response.