In Which of the Following Circumstances Would Auditors Most Likely

question 68

Multiple Choice

In which of the following circumstances would auditors most likely add an explanatory paragraph to the standard report without affecting the unqualified opinion on the entity's financial statements?

• A) The auditors are asked to report on the balance sheet but not on the other basic financial statements.
• B) There is substantial doubt about the entity's ability to continue as a going concern.
• C) Management's estimates of the effects of future events on the entity's financial condition, results of operations, and cash flows are unreasonable.
• D) Certain transactions cannot be tested because of management's records retention policy.

Acknowledge the impact of genetic factors on mood disorders.

Understand the epidemiology and risk of suicide associated with different disorders.

Recognize the influence of biological factors, including neurotransmitter levels and circadian rhythms, on mood disorders.

Identify the characteristics and treatment options for bipolar disorder.

---

Definitions:

Money Market Fund

A type of mutual fund designed to offer investors high liquidity with a very low level of risk by investing in short-term, high-quality financial instruments.

Mutual Fund

An investment company that pools individual investor dollars and invests them in large numbers of well-diversified securities.