When the Client Fails to Include Information That Is Necessary

question 38

Multiple Choice

When the client fails to include information that is necessary for the fair presentation of financial statements in the body of the statements or in the related footnotes,it is the responsibility of the auditor to present the information,if practicable,in the auditor's report and express a(n)

• A) Qualified opinion or a disclaimer of opinion.
• B) Qualified opinion or an adverse opinion.
• C) Adverse opinion or a disclaimer of opinion.
• D) Qualified opinion or an unqualified opinion.

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Definitions:

Tips

Discretionary payments given to service providers by customers, typically as a gesture of thanks for good service.

Statute of Frauds

A legal principle that requires certain types of contracts to be written and signed to be enforceable.

Fixed Duration

A term or period of time that is set and unchangeable, often found in contracts or agreements specifying the length of commitment.

Employment Contract

A legally binding agreement between an employer and an employee that outlines the terms and conditions of employment.