In Which One of the Following Instances Would an Auditor

question 69

Multiple Choice

In which one of the following instances would an auditor most likely issue a standard unqualified opinion without explanatory language?

• A) Management's disclosures are missing or inadequate.
• B) There is substantial doubt about the entity's ability to continue as a going concern.
• C) There is a significant limitation on the scope of the engagement.
• D) There is an immaterial deviation from GAAP related to capitalizing repairs.

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Definitions:

Comorbidity

The simultaneous presence of two or more diseases or medical conditions in a patient.

Anxiety

an emotion characterized by feelings of tension, worried thoughts, and physical changes like increased blood pressure that can be a normal reaction to stress or part of an anxiety disorder.

Depression

A mental disorder exemplified by a continual sense of despair or apathy towards activities, leading to considerable difficulties in performing daily tasks.

Confirmation Bias

The tendency to filter, read, prefer, and recall facts in such a way that it endorses one's established convictions or speculations.