When a Client Declines to Include a Statement of Cash

question 38

Multiple Choice

When a client declines to include a statement of cash flows in its financial report, the auditor's report will usually:

• A)include a separate paragraph that summarises the company's financing and investing activities.
• B)contain either a qualified or adverse opinion because of inadequate disclosure.
• C)refer to the scope limitation.
• D)contain either a qualified opinion or a disclaimer of opinion on the basis of the uncertainty caused by this disagreement with those charged with governance.

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Definitions:

Communication Style

The characteristic ways in which an individual expresses themselves verbally and non-verbally when interacting with others.

Shut Down Discussion

The act of ending a conversation or debate, often abruptly.

Shuts Down Discussion

Actions or remarks that terminate a conversation or debate, preventing further exchange of ideas or opinions.

Gender Differences

The distinctions in characteristics, behaviors, roles, and expectations typically associated with being male or female in a given society.