Your Client Has Followed Approved Accounting Standards but a Note

question 34

Multiple Choice

Your client has followed approved accounting standards but a note to the financial report indicates that the application of certain standards results in the financial report being materially misstated.The note details the reasons for this view.You do not concur with this view.What type of opinion should you issue?

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

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Definitions:

Unrelated Ideas

Concepts or thoughts that have no direct connection or relevance to each other.

Creative

Characterized by the ability or power to create or bring something new into existence, often through imaginative skill.

Pure Solutions

Strategies or outcomes that are exclusively focused on solving a problem or addressing a need without any dilution or compromise.

Brainwriting

Arriving at creative ideas by jotting them down yourself.