If an Auditor Makes a Disclaimer of Opinion,this Means That

question 55

Multiple Choice

If an auditor makes a disclaimer of opinion,this means that the auditor ________.

• A)generally agrees that the company's financial records accurately represent the company's financial position,but notes a few departures from GAAPs
• B)disagrees that the company's financial records accurately represent the company's financial position
• C)cannot draw a conclusion about the accuracy of the company's financial records,generally due to a lack of sufficient information about the records
• D)agrees that the company's financial records accurately represent the company's financial position

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Definitions:

Isostatic Rebound

The rise of land masses after the removal of the weight of ice sheets or glaciers, a process of Earth’s crust returning to its equilibrium position over geological time scales.

West Antarctica

The portion of Antarctica that lies west of the Transantarctic Mountains, known for its ice sheets and dynamic glacial activity.

Global Sea Levels

Refers to the average height of the ocean's surface between the high and low tide, which has been rising due to climate change.

Isostatic Rebound

The rise of land masses that were depressed by the huge weight of ice sheets during the last glacial period, leading to adjustments in the Earth's crust.