It Is Appropriate to Issue an Opinion That Contains the Phrase

question 65

Multiple Choice

It is appropriate to issue an opinion that contains the phrase 'does not present a true and fair view' when:

• A) the auditor has not accumulated sufficient appropriate evidence to determine whether the financial report is presented fairly.
• B) there has been a material misstatement on a particular matter that is material.
• C) there has been a material misstatement on a particular matter that is material and pervasive.
• D) none of the above

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Definitions:

Tab Stop

A preset stopping point along the horizontal ruler of a word processor, dictating where the cursor stops when the Tab key is pressed.

Shape Outline Weight

Refers to the thickness or boldness of the border surrounding a shape in graphic design or document formatting.

Rounded Rectangle

A rectangle shape with rounded corners, commonly used in graphic design and user interface elements for a softer appearance.

Border Line

A line that encloses or delineates the edges of a graphic element, page, or cell in a document or table.