The Auditors' Report on the Entity's Financial Statements Included Language

question 125

Multiple Choice

The auditors' report on the entity's financial statements included language disclosing a difference of opinion between the auditors and the entity for which the auditors believed an adjustment to the financial statements should be made. The Opinion Section of the auditors' report should express a(n)

• A)unmodified opinion.
• B)qualified opinion citing a departure from generally accepted accounting principles.
• C)qualified opinion citing a scope limitation and lack of specific evidence.
• D)disclaimer of opinion.

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Definitions:

System of Nature

A conceptual framework understanding the natural world and its phenomena, often encompassing ecological and biological processes.

Variation

The occurrence of differences among individuals or groups, often seen in genetic makeup, cultural practices, or behavioral patterns.

Mendel

Gregor Mendel, a scientist known as the father of genetics for his work on the inheritance of traits in pea plants.

Taxonomy

The science of classification.