Swift Ltd Has Disclosed the Fact That They Are Being

question 3

Multiple Choice

Swift Ltd has disclosed the fact that they are being sued for $3 million.Swift Ltd reported a profit for the year of $300 million and has total assets of $75 million.You conclude that disclosure of the litigation is adequate.What type of opinion should you express on the financial report of Swift Ltd?

• A)Disclaimer of opinion.
• B)Unmodified opinion with an Emphasis of Matter.
• C)Unmodified opinion.
• D)Qualified opinion or adverse opinion.

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Definitions:

Regulation

involves the establishment of rules or laws designed to control or govern conduct, typically enacted by a government body.

Natural Monopoly

A market condition where a single firm can supply a good or service to an entire market at a lower cost than what two or more companies could.

Least Cost

Refers to the most cost-effective method of producing a given level of output without sacrificing quality.

Horizontal Market

A market that meets a specific need across multiple industries, rather than being confined to a particular sector.