Why Would an Auditor Issue a Disclaimer of Opinion with Regards

question 91

Essay

Why would an auditor issue a disclaimer of opinion with regards to an audit of financial statements? What does this type of opinion mean?.
a)________ Internal controls are used to provide reasonable assurance that the objectives of an enterprise will be accomplished.b)________ Internal controls can be divided into accounting controls and administrative controls.c)________ The mechanics of internal control systems do not vary from company to company.d)________ Accounting controls are concerned with the evaluation of performance and the assessment of the degree of compliance with company policies and public laws.e)________ Administrative controls are composed of policies and procedures that are designed to safeguard the assets and to assure that accounting records contain reliable information.

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Definitions:

Role Strain

The stress or tension experienced when the demands of a particular social role conflict with an individual's personal abilities, resources, or needs.

Adequate Time

The amount of time deemed sufficient to accomplish a task or meet a requirement, often based on subjective evaluation.

Responsibilities

Duties or obligations expected to be fulfilled by individuals or organizations.

Achievement Behavior

Actions aimed at accomplishing specific goals or meeting standards of excellence.