Which of the Following Scenarios Does Not Result in a Qualified

question 104

Multiple Choice

Which of the following scenarios does not result in a qualified opinion?

• A) A scope limitation prevents the auditor from completing an important audit procedure.
• B) Circumstances exist that prevent the auditor from conducting a complete audit.
• C) The auditor lacks independence with respect to the audited entity.
• D) An accounting principle at variance with GAAP is used.

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Definitions:

Derived Demand

The demand for a product or service that arises from the demand for another product or service it helps to produce.

Catgut

A type of cord made from the natural fibres of an animal's intestines, commonly used in the past for musical instrument strings and surgical sutures.

Innovators

Individuals or companies that introduce new products, services, or methods, often opening up new markets or changing existing ones.