CGreen,CPA,was Engaged to Audit the Financial Statements of Essex Co

question 45

Multiple Choice

C.Green,CPA,was engaged to audit the financial statements of Essex Co.after its fiscal year had ended.The timing of Green's appointment and the start of fieldwork made confirming accounts receivable by direct communication with the customers not feasible.However,Green applied other procedures and was satisfied as to the reasonableness of the account balances.Green's auditors' report most likely contained a(n)

• A) Unqualified opinion.
• B) Unqualified opinion with an explanatory paragraph.
• C) Qualified opinion due to a scope limitation.
• D) Qualified opinion due to a departure from generally accepted auditing standards.

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Definitions:

Hypothesized Population Mean

The expected mean value of a population parameter that is proposed prior to conducting a study.

Z-score

A statistical measure that indicates the number of standard deviations a data point is from the mean.

Hypothesized Population Mean

The presumed average of a population parameter specified in the null hypothesis that statistical tests aim to examine.

Standard Deviation

A parameter that quantifies the range or distribution of values in a dataset.