When Auditors Qualify Their Opinion on the Entity's Financial Statements

question 39

Multiple Choice

When auditors qualify their opinion on the entity's financial statements because of inadequate disclosure,the auditors should describe the nature of the omission in an additional paragraph and modify

• A) the introductory paragraph and Auditor's Responsibility sections.
• B) the introductory paragraph only.
• C) the Auditor's Responsibility section only.
• D) neither the introductory paragraph nor Auditor's Responsibility section.

---

Definitions:

B Corporation

A B Corporation is a certification for businesses that meet high standards of social and environmental performance, accountability, and transparency.

Water Purification

The process of removing undesirable chemicals, biological contaminants, and suspended solids from contaminated water to make it safe for drinking.

Third-Party Auditor

An independent entity that examines an organization's or individual's financial statements to ensure accuracy and compliance with laws and regulations.

Board Of Directors

Governing body of a corporation.