When a Misstatement in the Financial Statements Would Affect a User's

question 63

Multiple Choice

When a misstatement in the financial statements would affect a user's decision but the overall statements are still fairly stated, it would be appropriate to issue

• A) an unqualified opinion.
• B) a qualified opinion.
• C) an adverse opinion.
• D) a disclaimer of opinion.

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Definitions:

Locations

Specific places or positions.

Many

A term referring to a large number of something, indicating abundance or numerousness.

Much

A large amount or degree of something.

Excessive

Describes an amount or degree of something that is more than necessary, reasonable, or permissible.