The Issuance of a Disclaimer of Opinion Generally Indicates

question 118

Multiple Choice

The issuance of a disclaimer of opinion generally indicates

• A)the auditors cannot form an opinion on the fairness of presentation of the financial statements as a whole.
• B)the auditors have some uncertainties, but these uncertainties are not so material that they cannot form an opinion on the fairness of presentation of the financial statements as a whole.
• C)the auditors have observed a departure from generally accepted accounting principles but the departure is not of sufficient materiality to justify a qualified opinion.
• D)the auditors have observed a departure from generally accepted accounting principles that is so material and pervasive that a qualified opinion is not justified.

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Definitions:

Temporal Need-threat Model

is a theoretical framework suggesting that the perception of threats to one's needs over time can lead to psychological distress or motivation to address those threats.

Reflexive Stage

A phase in group development where the group reflects on and adjusts its structure and process in order to improve performance and relationships.

Kipling Williams

A researcher known for his work in social psychology, particularly in the areas of ostracism, social exclusion, and the need for belonging.

Sociometer

A hypothetical gauge within individuals that measures their level of social acceptance or rejection.