When Accounting Principles Are Not Consistently Applied, and the Materiality

question 83

Multiple Choice

When accounting principles are not consistently applied, and the materiality level is immaterial, the auditor will issue a(n)

• A) standard unmodified opinion.
• B) unmodified opinion with an explanatory paragraph.
• C) adverse opinion.
• D) disclaimer opinion.

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Definitions:

Magnitude

The size, length, or amount of something, often measured in mathematical terms.

°

Degree, a unit of measurement for angles or temperature.

Vectors

Physical quantities characterized by having both magnitude and direction, commonly used in physics and engineering to describe forces, velocity, etc.

Magnitude

The size, extent, or importance of something, often used in mathematical contexts to describe the absolute value of quantities.