Client Imposed Restrictions on the Audit Always Require a Disclaimer

question 19

True/False

Client imposed restrictions on the audit always require a disclaimer of opinion.

---

Definitions:

Corporation's Board of Directors

A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.

Liability

A financial obligation or amount owed by a company to external parties or creditors, which must be settled through the transfer of assets or services.

Common Stock

A form of corporate equity ownership, a type of security representing ownership in a corporation.