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:

Proactive Strategy

A forward-thinking approach that anticipates future conditions, challenges, or changes, and prepares or acts in advance to address them.

Worker Health

The overall physical and mental well-being of employees, influenced by workplace conditions, safety practices, and occupational hazards.

Unethical Behaviour

Actions that go against moral principles in a professional or personal setting, often violating standards of conduct.

Major Change

Refers to significant transformations within an organization or its external environment that require adjustments in strategy, operations, or management.