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.

---

Definitions:

Novel Stimuli

New or unfamiliar stimuli that have not been previously experienced, often triggering curiosity or exploration.

Free Riding

Benefiting from resources, goods, or services without contributing to the cost or effort involved.

Social Facilitation

The tendency for people to perform differently when in the presence of others than when alone, typically improving on simple tasks and doing worse on complex tasks.

Friendly Audience

A group of people who are supportive, receptive, and encouraging, often making it easier for speakers or performers.