The Audit Opinion Issued When the Financial Statements Are Fairly

question 31

Multiple Choice

The audit opinion issued when the financial statements are fairly presented without exception is the:

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

---

Definitions:

Social Exchange Theory

A theoretical perspective that explains social change and stability as a process of negotiated exchanges between parties.

Kin Selection

A theory in evolutionary biology that proposes an organism will behave in a manner that increases the genetic success of its relatives, even at a cost to its own survival and reproduction.

Altruism Theory

A theory suggesting that humans are capable of selfless acts done for the benefit of others without personal gain.

Social Exchange Theory

A theory suggesting that social behavior is the result of an exchange process, aiming to maximize benefits and minimize costs.