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:

Cash Over

This term indicates a situation where the actual amount of cash exceeds the expected or recorded amount, often in a cash register or in accounting records.