Which of the Following Is the Most Likely Reason for an Auditor

question 29

Multiple Choice

Which of the following is the most likely reason for an auditor to issue a qualified opinion?

• A)Inability to gather sufficient relevant information to form the basis for the opinion
• B)Differences with management that lead to trust issues on the part of the auditor
• C)Going concern issue
• D)Difference of opinion with management on the application of generally accepted accounting principles

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Definitions:

Discharge

The completion, termination, or fulfillment of a legal duty, obligation, or debt.

Performance

The execution, accomplishment, or fulfillment of duties, contracts, or other obligations according to their terms.

Subjective Satisfaction

Involves a condition within certain contracts where the fulfillment of obligations is based on one party's personal or subjective approval.

Custom Made

Products or items specifically designed and produced to meet the unique requirements and specifications of an individual customer.