Which of the Following Situations Would Result in the Issuance

question 79

Multiple Choice

Which of the following situations would result in the issuance of a disclaimer of opinion?

• A)The audit reveals weaknesses in the client's internal control over financial reporting.
• B)The auditor is discovered to own a financial interest in the entity.
• C)The audit is performed, with limited exception, in accordance with generally accepted auditing standards.
• D)The entity's financial statements are not presented in conformity with the applicable financial reporting framework.

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Definitions:

Unintended Changes

Alterations that occur without a deliberate plan or intention, often leading to unexpected outcomes.

Natural Contexts

Environments or situations that occur naturally, without human intervention, allowing for the observation of behaviors and phenomena in their true form.

Double-Blind

An experimental procedure in which neither the participants nor the experimenters know who is receiving a particular treatment, to prevent bias.

Correlational

A research method that examines the relationship between two or more variables to determine if a change in one variable is associated with a change in another.