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:

Confounding Variables

Factors other than the independent variable that may cause a result, making it difficult to establish a clear causal relationship.

Independent Variable

A variable that is manipulated or changed by the researcher to observe its effect on the dependent variable.

Curvilinear Relationship

A type of relationship between two variables where the change in the outcome variable does not happen in a straight-line manner with changes in the predictor variable.

Factorial Designs

Experimental setups that allow researchers to examine the effects of two or more independent variables on a dependent variable simultaneously.