Angel Pty Ltd's Financial Report Includes Two Balance Sheets and Profit

question 35

Multiple Choice

Angel Pty Ltd's financial report includes two balance sheets and profit and loss accounts.One set is drawn up in accordance with applicable accounting standards, and the other set is drawn up without complying with one standard, which the directors consider to make the accounts misleading.The auditors concur.The audit report should, therefore, contain:

• A) an adverse opinion.
• B) a qualified opinion with an emphasis of matter section.
• C) a disclaimer of opinion.
• D) an unmodified opinion with an emphasis of matter section.

---

Definitions:

Hemispheres

Refers to either of the two symmetrical halves of the brain, each responsible for specific functions and processes.

Sensation

Sensation is the process by which our sensory receptors and nervous system receive and represent stimulus energies from our environment.

Mean

A statistical measure representing the average of a set of numbers, calculated by dividing the sum of all values by the number of values.

Parsimonious Theory

A theory that explains phenomena in the simplest way possible, using the fewest possible assumptions or variables.