Green, CPA, Was Engaged to Audit the Financial Statements of Essex

question 157

Multiple Choice

Green, CPA, was engaged to audit the financial statements of Essex Co. after its fiscal year had ended. The timing of Green's appointment and the start of fieldwork made confirmation of accounts receivable by direct communication with the customers not feasible. However, Green applied other procedures and was satisfied as to the reasonableness of the account balances. Green's auditors' report most likely contained a(n)

• A)unmodified opinion.
• B)unmodified opinion with an emphasis-of-matter paragraph.
• C)qualified opinion due to a scope limitation.
• D)qualified opinion due to a departure from generally accepted auditing standards.

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Definitions:

Sympathetic Legislators

Lawmakers who show understanding or compassion for certain causes, interests, or constituencies and may act in favor of them.

Legislative Chamber

A formal body within a government structure where laws are debated, amended, and passed.

Social Policy

A branch of public policy concerned with laws, principles, and regulations that govern human welfare and social services.

Indirect Strategy

An approach in communication or planning that is not straightforward, employing more subtle or roundabout methods to achieve an objective.