In Which of the Following Circumstances Would Auditors Most Likely

question 33

Multiple Choice

In which of the following circumstances would auditors most likely add an emphasis-of-matter paragraph to the standard (unmodified) report without modifying the opinion on the entity's financial statements?

• A)The auditors are asked to report on the balance sheet,but not on the other basic financial statements.
• B)There is substantial doubt about the entity's ability to continue as a going concern.
• C)Management's estimates of the effects of future events on the entity's financial condition,results of operations,and cash flows are unreasonable.
• D)Certain transactions cannot be tested because of management's records retention policy.

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Definitions:

GPA Over 3.0

Refers to a grade point average above 3.0 on a 4.0 scale, indicating above-average academic achievement.

Multiple Vehicle

Pertains to scenarios or systems involving more than one vehicle, often used in logistics, traffic management, and fleet operations.

Single Vehicle

Refers to a transportation or mobility scenario involving only one vehicle, often used in the context of traffic studies, simulations, or autonomic vehicle research.

Alcohol Not Involved

A classification indicating that alcohol consumption was not a contributing factor in an incident or record.