On Which of the Following Matters Would It Not Be

question 38

Multiple Choice

On which of the following matters would it not be appropriate for the auditors to report using an explanatory paragraph?

• A)An indication that a predecessor auditor examined prior year's financial statements presented in comparative form.
• B)Procedures performed related to supplementary mineral reserve information required by the Financial Accounting Standards Board.
• C)A departure from GAAP that has a material, but not pervasive, effect on the financial statements.
• D)An updated opinion on comparative financial statements that differs from the opinion originally issued by the auditors.

---

Definitions:

Flashbulb Memories

Vivid, detailed memories of significant or emotional events that people often recall with a high level of clarity, as if taking a picture with a flashbulb.

Accurate

Being correct, precise, or exact in the information provided or measurement taken.

Childhood Amnesia

The phenomenon where early childhood memories are largely forgotten, typically covering the first 3-4 years of life.

Factors

Elements or conditions that contribute to a particular result or situation.