It Is Appropriate to Issue an Opinion That Contains the Phrase

question 59

Multiple Choice

It is appropriate to issue an opinion that contains the phrase 'because of the significance of the matter described in the Basis for Disclaimer of Opinion paragraph' 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 and pervasive.
• C) there has been a material misstatement on a particular matter that is material.
• D) none of the above

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Definitions:

Hypnosis

A trance-like mental state induced by a hypnotist, characterized by heightened focus, concentration, and suggestibility.

Heightened Suggestibility

A state in which an individual is more likely to accept and act upon the suggestions of others, often seen in contexts such as hypnosis or certain psychological states.

Latent Content

The hidden psychological meaning of dreams, as opposed to the manifest content, which is the literal storyline.

Freud's Concept

Pertains to the ideas introduced by Sigmund Freud, including the unconscious mind, defense mechanisms, and psychosexual development stages.