In Which of the Following Circumstances Would an Auditor Most

question 150

Multiple Choice

In which of the following circumstances would an auditor most likely express an adverse opinion?

• A) The CEO refuses to let the auditor have access to the board of director meeting minutes.
• B) The financial statements are not in conformity with the FASB statement on loss contingencies.
• C) Information comes to the auditor's attention that raises substantial doubt about the ability for the client to continue as a going concern.
• D) Tests of controls show that the internal control structure is so poor that the auditor has to assess control risk at the maximum.

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Definitions:

Avatar

A manifestation of a deity incarnated in some visible form in which the deity performs a sacred function on earth. In Hinduism, an incarnation of a god.

Bayon

A richly decorated Khmer temple in Cambodia, known for its massive stone faces and serves as the central temple of the ancient city of Angkor Thom.

Belief System

A set of principles or tenets which together form the basis of a religion, philosophy, or moral outlook.

Mithraism

An ancient Roman mystery religion centered around the god Mithras, characterized by complex rituals and symbolism, primarily appealing to soldiers and merchants.