The Audit Opinion Issued When the Auditors Are Taking Exception

question 140

Multiple Choice

The audit opinion issued when the auditors are taking exception to a specific treatment of accounting information is the:

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

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Definitions:

Outside Legal Opinion

An assessment or advice given by an independent law firm or legal expert that is not affiliated with the organization seeking the opinion.

Expert

A person with extensive knowledge or ability based on research, experience, or occupation in a particular area of study.

Volunteer

A person who freely offers to undertake tasks, services, or efforts without expecting payment in return.

Attorney

A person legally appointed or qualified to represent others in legal matters, also known as a lawyer.