An Auditor Was Unable to Obtain Audited Financial Statements or Other

question 32

Multiple Choice

An auditor was unable to obtain audited financial statements or other evidence supporting an entity's investment in a large foreign subsidiary.Between which of the following reports should the auditor choose?

• A) Adverse and unqualified with an explanatory/emphasis-of-matter paragraph added.
• B) Disclaimer and unqualified with an explanatory/emphasis-of-matter paragraph added.
• C) Qualified and adverse.
• D) Qualified and disclaimer.

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Definitions:

Hardware

The physical components of a computer system, such as the processor, memory modules, and input/output devices.

Programs

Instructions written by programmers that computers use to perform specific tasks or operations.

Instructions

Instructions refer to a set of orders or commands given to a computer or software to perform specific operations.

Crowdfunding

A method of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet.