If Financial Statements Contain a Material but Non-Pervasive Departure from Generally

question 90

Multiple Choice

If financial statements contain a material but non-pervasive departure from generally accepted accounting principles,the auditors should render a(n)

• A) qualified opinion with reference to departure.
• B) adverse opinion with scope limitation reference.
• C) adverse opinion with reference to departure.
• D) disclaimer of opinion.

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Definitions:

Interest

The feeling of wanting to learn more about something or to be involved in something; also refers to a charge for borrowing money.

Self-Conscious Emotions

Emotions that require self-awareness, especially consciousness and a sense of “me”; examples include jealousy, empathy, and embarrassment.

Cognitive Reversals

The ability to switch perspectives or understanding that actions can be undone mentally, an important part of cognitive development.

Primary Emotions

Primary emotions are basic emotions that are experienced universally across cultures, such as happiness, sadness, fear, and anger.