Which of the Following Circumstances Generally Results in the Issuance

question 51

Multiple Choice

Which of the following circumstances generally results in the issuance of a report that includes an opinion that is modified?

• A)The auditor is unable to obtain the financial records of a foreign subsidiary which is material to the client.
• B)The group auditors for the engagement are relying on the work of component auditors.
• C)The financial statements are affected by a change in accounting principle due to a new FASB pronouncement.
• D)The auditors have decided to emphasize the fact that the company has engaged in material amounts of related party transactions.

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Definitions:

S Phase

The phase of the cell cycle in which DNA is replicated, occurring between G1 phase and G2 phase.

Cytokinesis

Cytokinesis is the process during cell division in which the cytoplasm of a single eukaryotic cell is divided into two daughter cells.

G₁ Phase

The first of four phases of the cell cycle in which the cell grows in size and synthesizes mRNA and proteins in preparation for subsequent steps leading to mitosis.

G₂ Phase

A phase of the cell cycle following DNA synthesis (S phase) and preceding mitosis (M phase), during which cells prepare for division and undergo growth and protein synthesis.