If the Auditor Is Performing an Audit of a Nonpublic

question 29

Multiple Choice

If the auditor is performing an audit of a nonpublic company and the client refuses to provide a management representation letter, the auditor may:

• A) issue a financial statement audit report.
• B) issue an integrated audit report.
• C) issue a financial statement audit report with a scope limitation.
• D) depending on the circumstances, the auditor may choose any of the alternatives.

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Definitions:

Negative

A term used to describe values, numbers, or expressions that are less than zero, often indicating a direction opposite to what is considered positive.

Positive

A term indicating a value greater than zero, or a positive direction or effect.

Sample Mean

The average value of a random sample taken from a population.

Symbols

Characters or marks used to represent objects, quantities, or concepts in various fields like mathematics, music, and art.