If There Is a Deviation in the Statements' Preparation in Accordance

question 151

Multiple Choice

If there is a deviation in the statements' preparation in accordance with GAAP and another accounting principle was applied on a basis that was not consistent with that of the preceding year,

• A) the auditor must choose which modification to include in the audit report.
• B) only the most material modification can be disclosed.
• C) more than one modification should be included in the report.
• D) none of the above.

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Definitions:

Performance Goal

Objectives centered around achieving a specific standard of proficiency on a task, usually within a specified time.

Approach Goal

A goal that focuses on achieving a positive outcome or moving towards something desirable.

Avoidance-Avoidance Conflict

A psychological conflict that arises when an individual must choose between two negative or undesirable options.

Performance Goals

Objectives set for specific achievements or outcomes, often used to evaluate an individual's effectiveness.