When a Previously Expressed Opinion Is Updated from Qualified to Unmodified

question 22

Multiple Choice

When a previously expressed opinion is updated from qualified to unmodified, the auditors' report on comparative financial statements should

• A)not modify the previously expressed opinion or refer to factors affecting the opinion on the prior years' financial statements.
• B)update the opinion expressed on the prior years' financial statements but provide no explanation for the updated opinion.
• C)not modify the previously expressed opinion but include a reference to the footnote describing the factors affecting the opinion on the prior years' financial statements.
• D)update the previously expressed opinion and explain the reasons for the change, including a reference to the footnote describing the change.

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Definitions:

Alfred Adler

An Austrian psychiatrist known for his theory of individual psychology, which emphasizes the importance of social interest and feelings of inferiority.

Erich Fromm

A psychoanalyst and philosopher known for his theories on human nature, love, and freedom.

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity, often influenced by social, cultural, and psychological aspects.

Personal Experiences

Individual encounters or events that have taken place in one's life, shaping their perceptions, beliefs, and attitudes.