An Auditor Most Likely Would Express an Unqualified Opinion and Would

question 351

Multiple Choice

An auditor most likely would express an unqualified opinion and would not add explanatory language to the report if the auditor:

• A) Wishes to emphasize that the entity had significant transactions with related parties.
• B) Concurs with the entity's change in its method of computing depreciation.
• C) Discovers that supplementary information required by FASB has been omitted.
• D) Believes that there is a probable likelihood of a material loss resulting from an uncertainty that is sufficiently supported and disclosed.

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Definitions:

Sick Role

A sociological concept describing the rights and obligations of an individual who is recognized as ill, excusing them from normal social roles.

Dependency

A state of reliance on something or someone for support or to function, often discussed in the context of substance abuse or emotional attachment.

Serious Illness

A health condition with a substantial effect on one's life, potentially leading to significant impairment, functional decline, or life-threatening circumstances.

Disease Consequences

The outcomes or impacts that result from the presence of a disease, affecting an individual's health, lifestyle, and well-being.