Fiona, the External Auditor Reviewing a Telecommunications Company's Accounts, Finds

question 43

Multiple Choice

Fiona, the external auditor reviewing a telecommunications company's accounts, finds that the company's internal accountants have entered false data in the company records. Instead of stating the actual figures, which would reveal the poor performance of the company, the accountants have overstated the company's earnings. In this case, she will most likely offer a(n) _____ in the independent auditor's report.

• A)qualified opinion
• B)unqualified opinion
• C)adverse opinion
• D)concurring opinion

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Definitions:

Ancient Greeks

Refers to the people and civilizations of Greece in classical times, known for their contributions to philosophy, democracy, and arts.

American Revolution

A historic conflict between Great Britain and its Thirteen Colonies in North America that resulted in the independence of the United States.

Early 20th Century

A historical period that extends from the year 1901 to 1940, marking the beginning phase of the 20th century.

1960s

A decade characterized by significant cultural, social, and political changes around the world.