When the Client Fails to Include Information That Is Necessary

question 164

Multiple Choice

When the client fails to include information that is necessary for the fair presentation of financial statements in the body of the statements or in the footnotes,

• A) it is the auditor's responsibility to present the information in the audit report.
• B) the auditor should issue a qualified or an adverse opinion.
• C) the qualification is put in an added paragraph preceding the opinion.
• D) all of the above.

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Definitions:

Accepted by Others

The state or experience of being received favorably or approval by a social group.

Flow State

A psychological state in which a person is fully immersed in an activity, feeling energized and focused, losing track of time and self-consciousness.

External Goal

An objective or target set by external factors or individuals, as opposed to personal ambitions or desires.

Individual Identifies

The process by which a person recognizes or establishes their own characteristics, values, or beliefs as distinct from others.