More Than One Modification Should Be Included in the Audit

question 108

Multiple Choice

More than one modification should be included in the audit report when

• A) the auditor is not independent and the auditor knows that the company has not followed generally accepted accounting principles.
• B) there is substantial doubt about the going concern of the company and information about the causes of the uncertainties is not adequately disclosed in the footnotes.
• C) there is a scope limitation and there is substantial doubt about the company's ability to continue as a going concern.
• D) all of the above.

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Definitions:

Ovaries

Female reproductive organs in which eggs are produced along with the secretion of hormones like estrogen and progesterone.

Cervix

The lower, narrow end of the uterus, which opens into the vagina and dilates during childbirth to allow passage of the baby.

Genetic Material

The molecules, usually DNA or RNA, that carry genetic information necessary for growth, development, functioning, and reproduction.

Meiosis

A type of cell division that results in four daughter cells, each with half the number of chromosomes of the parent cell, critical for producing gametes in sexually reproducing organisms.