If, After the Accumulation of Final Evidence and During the Evaluation

question 98

Multiple Choice

If, after the accumulation of final evidence and during the evaluation of results, the auditor concludes that there is sufficient evidence but it does not support a conclusion of fairly presented financial statements, the auditor has several choices:

• A) issue a qualified opinion or issue an adverse opinion.
• B) revise the statements to the auditor's satisfaction or issue either a qualified or an adverse opinion.
• C) issue a disclaimer of opinion or issue an adverse opinion.
• D) revise the statements to the auditor's satisfaction or issue a disclaimer of opinion.

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Definitions:

Statistical Technique

A method or procedure applied to data in order to organize, describe, analyze, and interpret it.

Multiple T Tests

A statistical approach involving conducting several t-tests among a set of groups, typically requiring adjustment for multiple comparisons to control the Type I error rate.

Equation Interpretation

The process of understanding the mathematical and practical significance of the parameters and variables in an equation.

Cost Of Goods Sold

The immediate expenses linked to the manufacturing of goods a company sells, encompassing costs for materials and labor.