A Basis for Modification Paragraph in the Audit of the Financial

question 30

Multiple Choice

A basis for modification paragraph in the audit of the financial statements of a nonpublic company:

• A)Is only included with qualified,adverse,or disclaimers of opinion.
• B)Is presented only in audit reports with unmodified opinions.
• C)Has a section title: Emphasis-of-Matter.
• D)Must be included in all nonpublic company audit reports.

---

Definitions:

Declarative Memory

A component of long-term memory that stores facts and information, accessible to conscious thought.

High School

An educational institution for adolescents that typically encompasses grades 9 through 12 in the United States, or equivalent levels in other countries, providing secondary education.

Multiple Causes

A principle acknowledging that outcomes often have more than one cause, highlighting the complexity of determining singular explanations for events or phenomena.

Level of Processing

A theory suggesting that the depth (shallow to deep) of mental processing affects memory recall, with deeper processing leading to better recall.