According to the AICPA Principles, Which of the Following Is

question 32

Multiple Choice

According to the AICPA principles, which of the following is incorrect?

• A) If the auditor has reservations about the fairness of financial statement presentation, the reason(s) must be stated in the auditor's report.
• B) If there is a material departure from GAAP in the financial statements, the auditor should explicitly state the nature of the departure and the dollar effects where determinable.
• C) Auditors should state the reasons why an unqualified opinion cannot be issued.
• D) Auditors should issue an unqualified opinion in all cases where companies have provided an entire set of financial statements and footnotes that include all years presented for comparative purposes.

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Definitions:

Neuron

A specialized cell transmitting nerve impulses; a nerve cell, consisting of a cell body, dendrites, and an axon.

Spinal Cord

A long, thin, tubular bundle of nervous tissue and support cells that extends from the brain, the major conduit for information traveling between the brain and the rest of the body.

Neuron

A specialized cell transmitting nerve impulses; a nerve cell, which is the fundamental unit of the nervous system enabling communication throughout the body.

Nervous System

A complex network of nerves and cells that transmit signals between different parts of the body.