Which of the Following Guidelines Should Be Followed When a Disclaimer

question 137

Multiple Choice

Which of the following guidelines should be followed when a disclaimer of opinion is issued?

• A)Because an opinion is not issued, the auditors should not issue a report.
• B)The report should identify the financial statements accompanying the disclaimer of opinion.
• C)If the disclaimer is due to a lack of independence, the report should indicate the specific reasons for the auditors not being independent.
• D)The report should describe any auditing procedures performed prior to issuing the disclaimer.

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Definitions:

Customer Complaint

Feedback from a customer expressing dissatisfaction with a product or service.

Exaggerated Apology

An apology that is overly expressive or dramatic, often going beyond what is necessary to make amends.

Mildly Disappointing Information

Information that falls slightly short of expectations, causing a minor sense of letdown or dissatisfaction.

Positive Message

Communication that conveys good news, affirmative information, or a positive outcome.