If the Auditor Believes That There Is Minimal Likelihood That

question 45

Multiple Choice

If the auditor believes that there is minimal likelihood that resolution of an uncertainty will have a material effect on the financial statements, the auditor would issue a(n) :

• A)"except for" opinion.
• B)adverse opinion.
• C)unqualified opinion.
• D)disclaimer of opinion.

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Definitions:

Randomization

is a process of randomly assigning subjects to different groups in an experiment to ensure that each group is similar and that the results are not biased.

Cause-And-Effect

The relationship between events where one or more are the result of the other(s), often used in scientific and philosophical contexts to explain causality.

Experimental Conditions

The controlled environments or variables manipulated by researchers to study their effects on the outcomes of experiments.

Replicated

The process of repeating a research study or experiment to verify its results under the same or similar conditions.