In Which of the Following Circumstances Would an Auditor Most

question 150

Multiple Choice

In which of the following circumstances would an auditor most likely express an adverse opinion?

• A) The CEO refuses to let the auditor have access to the board of director meeting minutes.
• B) The financial statements are not in conformity with the FASB statement on loss contingencies.
• C) Information comes to the auditor's attention that raises substantial doubt about the ability for the client to continue as a going concern.
• D) Tests of controls show that the internal control structure is so poor that the auditor has to assess control risk at the maximum.

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Definitions:

Inner Critic

The internal voice that judges, critiques, or demeans a person’s actions or thoughts, often negatively affecting their self-esteem.

Negative Self-Talk

The internal dialogue that focuses on negativity, doubt, and limitations, often undermining individual confidence and performance.

Self-Esteem

The confidence and value that a person places on themselves, reflecting a positive or negative view of self-worth.

Responsibility

The state or fact of being accountable or to blame for something.