While Undertaking a Review of the Half-Yearly Financial Report of Benji

question 10

Multiple Choice

While undertaking a review of the half-yearly financial report of Benji Ltd, a company listed on the Australian Securities Exchange, you as assurance provider become aware of a lack of adequate disclosure that is material and pervasive to the financial report and results in it being misleading.If management refuses to correct the financial report presentations, you should:

• A)express only limited assurance on the financial report presentations.
• B)disclose this departure from accounting standards in a separate paragraph of the report.
• C)issue an adverse opinion.
• D)issue an 'except for' opinion.

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Definitions:

Hardware Store

A retail business specializing in the sale of tools, building supplies, and materials necessary for home improvement and repair projects.

Professional Hairdresser

A skilled individual trained in cutting, styling, and treating hair.

Colouring

The process or activity of adding color to something, often applied to art, design, or crafts, including coloring books for both children and adults.

Entitled to Payment

Having a legitimate claim or right to receive a specific sum of money.