Which of the Following Situations Will Not Result in Modification

question 74

Multiple Choice

Which of the following situations will not result in modification of the auditor's report because of a scope limitation?

• A) Restriction imposed by the client.
• B) Reliance placed on the report of another auditor.
• C) Inability to obtain sufficient appropriate evidential matter.
• D) Inadequacy in the accounting records.

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Definitions:

Production Possibilities Curve

A graphical representation that shows the maximum quantity of two goods that can be produced within a given resource constraint.

Trading Possibilities Curve

A graphical representation that shows the different quantities of two goods or services that a country can efficiently produce and trade given fixed resources.

Specialize

The process of focusing on a narrow area of expertise or production, allowing individuals or firms to increase efficiency and quality.

Domestic Price

The price of goods or services within a country's borders, as opposed to their price when exported.