Which of the Following Situations Will Not Result in Modification

question 74

Multiple Choice

Which of the following situations will not result in modification of the auditor's report because of a scope limitation?

• A) Restriction imposed by the client.
• B) Reliance placed on the report of another auditor.
• C) Inability to obtain sufficient appropriate evidential matter.
• D) Inadequacy in the accounting records.

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Definitions:

Greed

An excessive desire for wealth or possessions, often disregarding ethical standards.

Stock-For-Stock Exchange

A method in corporate acquisitions where the acquiring company uses its own stock as currency to purchase the target company's shares.

Critical Issue

A pivotal or significant problem that requires immediate attention and resolution to prevent potentially severe consequences.

Anchors

Strategic assets or entities within a community or market that attract and retain other businesses or customers.