Which of the Following Phrases Would Auditors Most Likely Include

question 53

Multiple Choice

Which of the following phrases would auditors most likely include in their report when expressing a qualified opinion on the entity's financial statements because of inadequate disclosure?

• A)"Subject to the departure from generally accepted accounting principles,as described above".
• B)"With the foregoing explanation of these omitted disclosures".
• C)"Except for the omission of the information discussed in the preceding paragraph".
• D)"Does not present fairly in all material respects".

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Definitions:

Judging

The process of forming opinions or conclusions about people or situations, often involving assessment against certain criteria or standards.

Criticizing

Criticizing involves expressing disapproval or pointing out the faults or mistakes of someone or something, often in a negative manner.

Placing Blame

The act of attributing responsibility for a fault or wrong to a specific person, group, or entity.

Jargon

Specialized language or terminology used within a particular field, profession, or group, often difficult for outsiders to understand.