An Auditor Has Been Unable to Obtain the Audited Financial

question 43

Multiple Choice

An auditor has been unable to obtain the audited financial report for the entity's major foreign subsidiary due to civil unrest in that country.The appropriate auditor's report is:

• A)an unmodified opinion on the consolidated accounts but a qualified opinion on the parent company's accounts.
• B)an unmodified opinion with an Emphasis of Matter paragraph.
• C)a qualified opinion or a disclaimer of opinion.
• D)a qualified opinion or an adverse opinion.

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Definitions:

Tolerance

The acceptance of an element, habit, or practice without negative reaction, or the body's diminishing response to a substance due to repeated exposure.

Increasing Amounts

A term referring to any situation or parameter that is continuously growing or becoming greater in number, size, value, or volume.

Drug

A substance that has a physiological effect when ingested or otherwise introduced into the body, often used for medicinal purposes.

Gamma Aminobutyric Acid (GABA)

A neurotransmitter in the brain that plays a key role in regulating neural excitability and anxiety.