If the Auditor Has No Reservations About the Fairness of the Financial

question 39

Multiple Choice

If the auditor has no reservations about the fairness of the financial statements but believes there is a remote possibility that resolution of an uncertainty will have a material effect on the financial statements,which of the following would the auditor issue?

• A)A disclaimer of opinion.
• B)An unqualified opinion with no report modifications.
• C)An adverse opinion.
• D)An unqualified opinion with explanatory paragraphs.

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Definitions:

Florida

A southeastern U.S. state known for its beaches, theme parks, and as a popular retirement destination.

German Immigrants

People originating from Germany who migrated to other countries, significantly influencing the cultural and societal landscapes of those nations, particularly the United States.

Assimilated

The process by which individuals or groups of differing ethnic heritage are absorbed and integrated into the dominant culture of a society.

Established Religion

Refers to a religion given official status and support by a government, making it the nation's or state's recognized faith.