When a Previously Expressed Opinion Is Updated from Qualified to Unmodified,the

question 56

Multiple Choice

When a previously expressed opinion is updated from qualified to unmodified,the auditors' report on comparative financial statements should

• A)Not modify the previously expressed opinion or refer to factors affecting the opinion on the prior years' financial statements.
• B)Update the opinion expressed on the prior years' financial statements but provide no explanation for the updated opinion.
• C)Not modify the previously expressed opinion but include a reference to the footnote describing the factors affecting the opinion on the prior years' financial statements.
• D)Update the previously expressed opinion and explain the reasons for the change,including a reference to the footnote describing the change.

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Definitions:

Global Leadership Skills

The capabilities necessary for leaders to effectively manage and lead across cultural and geographical boundaries, including communication, adaptability, and strategic thinking.

Global Leadership

The process of influencing others to adopt a positive vision in a global context.