The Standard Unmodified Audit Report

question 93

Multiple Choice

The standard unmodified audit report

• A) is sometimes called a clean opinion.
• B) can be issued only with an explanatory paragraph.
• C) can be issued if only a balance sheet and income statement are included in the financial statements.
• D) is sometimes called a disclaimer report.

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Definitions:

Job Dissatisfaction

The feeling of unhappiness or discontent with one’s job or aspects of it.

Defence Mechanisms

Psychological strategies used by individuals to cope with reality and to maintain a self-image by lessening the anxiety stemming from unacceptable thoughts or feelings.

Stress Experience

The feelings and physical reactions to pressures or threats, varying in intensity depending on the individual's perception and coping mechanisms.

Perceived

Regarded in a certain way; the way in which something is understood, interpreted, or viewed by an individual or group.