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:

Intraocular

Pertaining to within the eye, often used to describe pressures or devices placed inside the eye.

Extraocular

Referring to muscles, nerves, or movements outside the eyeball itself.

Super-

A prefix denoting above, beyond, or higher in quality or quantity.

Mega-

A prefix indicating a factor of one million, or large size.