The Unqualified Opinion Audit Report for Public Entities Includes the Following

question 78

Multiple Choice

The unqualified opinion audit report for public entities includes the following three paragraphs:

• A)introductory,scope and management's responsibility.
• B)materiality,scope and report.
• C)introductory,scope and opinion.
• D)scope,fieldwork and conclusion.

---

Definitions:

FASB

Stands for Financial Accounting Standards Board, an organization responsible for establishing accounting and financial reporting standards for companies and non-profit organizations in the United States.

Ostensible Authority

Occurs when a hospital leads a patient to believe that a physician with staff privileges is an employee of the hospital.

Surgical Privileges

Authorization granted to a healthcare professional, allowing them to perform specific surgical procedures at a healthcare facility.

Certified Public Accountants

Licensed accounting professionals who have passed a national exam and met state requirements, and are qualified to perform accounting, auditing, and tax services.