Items That Materially Affect the Comparability of Financial Statements Generally

question 113

Multiple Choice

Items that materially affect the comparability of financial statements generally require disclosure in the footnotes. If the client refuses to properly disclose the item, the auditor will most likely issue

• A) a disclaimer.
• B) an unqualified opinion.
• C) a qualified opinion.
• D) an adverse opinion.

---

Definitions:

Rights of Accused

Rights of Accused refer to the legal protections granted to individuals accused of crimes, including the right to a fair trial, the right to counsel, and protection against self-incrimination.

Bill of Rights

The initial ten amendments of the U.S. Constitution, ensuring rights including the freedom of speech, assembly, and religion.

Religion in Public Life

The role and impact of religious beliefs, practices, and institutions in the public sphere of society.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.