When a Client Declines to Include a Statement of Cash

question 38

Multiple Choice

When a client declines to include a statement of cash flows in its financial report, the auditor's report will usually:

• A)include a separate paragraph that summarises the company's financing and investing activities.
• B)contain either a qualified or adverse opinion because of inadequate disclosure.
• C)refer to the scope limitation.
• D)contain either a qualified opinion or a disclaimer of opinion on the basis of the uncertainty caused by this disagreement with those charged with governance.

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Definitions:

Canada

A country in North America known for its vast landscapes, multicultural cities, and bilingual official languages of English and French.

Singapore

An island city-state off southern Malaysia, known for its global financial center, multicultural population, and strict regulations.

Thailand

A Southeast Asian country known for its tropical beaches, opulent royal palaces, ancient ruins, and ornate temples displaying figures of Buddha.

Interdependent Self

A self that is relatively dependent on social relations and has more fuzzy boundaries.