Examples of Unmodified Opinions Which Contain Modified Wording (Without Adding

question 23

Multiple Choice

Examples of unmodified opinions which contain modified wording (without adding an explanatory paragraph) include

• A)the use of other auditors.
• B)the lack of consistent application of generally accepted accounting principles.
• C)substantial doubt about the audited company (or the entity)continuing as a going concern.
• D)lack of consistent application of GAAP.

---

Definitions:

New Spain

The name of a vast territory that included much of North America, Central America, parts of the Caribbean, and the Philippines, governed by the Spanish Empire from the 16th to the 19th century.

Indian Population

Refers to the indigenous peoples of the Americas, often specifically in the context of North America, acknowledging their diverse cultures, histories, and contributions.

Transatlantic Trade

Trade that occurs across the Atlantic Ocean, historically significant for the triangular trade involving slaves, raw materials, and manufactured goods between Africa, the Americas, and Europe.

Increase

An act or process of becoming greater in size, number, value, or amount, often measured against previous states or periods.