Jodie Ltd, a Listed Company, Refuses to Separately Disclose Directors

question 40

Multiple Choice

Jodie Ltd, a listed company, refuses to separately disclose directors' fees of $2.5 million on the basis that they believe they are quantitatively immaterial. Profit for the last year was $980 million. The auditor should issue a(n) :

• A) adverse opinion.
• B) qualified opinion.
• C) unmodified opinion with an Emphasis of Matter.
• D) unmodified opinion.

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Definitions:

Biofilm

A biofilm is a complex aggregation of microorganisms growing on a solid substrate, often encased in a self-produced matrix of extracellular polymeric substances.

Multicellular Organism

Organism composed of interdependent cells that vary in their structure and function.

Pilus

A protein filament that projects from the surface of some prokaryotic cells.

Aerobic Respiration

A process in which organisms convert oxygen and glucose into energy, carbon dioxide, and water.