Which of the Following Statements Is Correct Concerning an Auditor's

question 742

Multiple Choice

Which of the following statements is correct concerning an auditor's use of the work of a specialist?

• A) The work of a specialist who is related to the client may be acceptable under certain circumstances.
• B) If an auditor believes that the determinations made by a specialist are unreasonable, only a qualified opinion may be issued.
• C) If there is a material difference between a specialist's findings and the assertions in the financial statements, only an adverse opinion may be issued.
• D) An auditor may not use a specialist in the determination of physical characteristics relating to inventories.

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Definitions:

Reliability

The degree to which an assessment tool produces stable and consistent results over repeated use.

Validity

The extent to which a test or instrument measures what it is supposed to measure.

Self-Esteem

An individual's subjective evaluation of their own worth, encompassing beliefs and emotions about oneself.

Anxious

Feeling worried, uneasy, or nervous about an uncertain outcome or future event.