The Issuance of a Disclaimer of Opinion Generally Indicates

question 31

Multiple Choice

The issuance of a disclaimer of opinion generally indicates

• A)The auditors cannot form an opinion on the fairness of presentation of the financial statements as a whole.
• B)The auditors have some uncertainties,but these uncertainties are not so material that they cannot form an opinion on the fairness of presentation of the financial statements as a whole.
• C)The auditors have observed a departure from generally accepted accounting principles but the departure is not of sufficient materiality to justify a qualified opinion.
• D)The auditors have observed a departure from generally accepted accounting principles that is so material and pervasive that a qualified opinion is not justified.

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Definitions:

Responding

The act of answering or reacting to something, such as a question, situation, or stimulus.

Ringing

A sound sensation, often described as a persistent high-pitched sound in the ears, not caused by an external source.

Ears

Organs on the sides of the head responsible for detecting sound, maintaining balance, and facilitating hearing.

Bleeding

The escape of blood from a ruptured blood vessel, either internally or externally, which can range from minor to a potentially life-threatening condition.