In Which of the Following Situations Would an Auditor Ordinarily

question 276

Multiple Choice

In which of the following situations would an auditor ordinarily issue an unqualified audit opinion without an explanatory paragraph?

• A) The auditor wishes to emphasize that the entity had significant related party transactions.
• B) The auditor decides to make reference to the report of another auditor as a basis, in part, for the auditor's opinion.
• C) The entity issues financial statements that present financial position and results of operations, but omits the statement of cash flows.
• D) The auditor has substantial doubt about the entity's ability to continue as a going concern, but the circumstances are fully disclosed in the financial statements.

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Definitions:

Nurture

The process of caring for and encouraging the growth or development of someone or something.

Nature

The inherent features, properties, or qualities of something, especially when seen as characteristic of living organisms.

Symbolic Concerns

Issues or matters that are significant not for their physical impact but for what they represent culturally or emotionally.

Menstrual Cycle

The regular natural change that occurs in the female reproductive system that makes pregnancy possible, usually lasting about 28 days.