An Accountant's Report Includes the Phrase "We Are Not Aware

question 52

Multiple Choice

An accountant's report includes the phrase "We are not aware.…" This phrase indicates that

• A) An attestation was not performed.
• B) Management had not established sufficient criteria for an opinion to be issued.
• C) The auditor is providing negative assurance.
• D) A disclaimer of opinion is presented.

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Definitions:

Accessibility Limitations

Restrictions or barriers that prevent individuals from using services, accessing information, or participating in activities, often due to physical, technological, or design issues.

Basic Service

A fundamental level of service provided by businesses, encompassing essential features or functions without additional amenities or high-end benefits.

Routing Guides

Documents issued by shippers to their suppliers and transport providers, specifying carrier selection, shipping, and receiving processes to ensure efficient and cost-effective transportation.

Transportation Costs

The expenses associated with moving goods from one location to another, including shipping fees, fuel charges, and labor.