An Auditor Can Issue a Disclaimer of Opinion Because of an Inability

question 59

True/False

An auditor can issue a disclaimer of opinion because of an inability to obtain sufficient appropriate evidence.

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Definitions:

Tax Revenue

The income that is collected by the government through various forms of taxes from individuals and businesses.

Government

An organization, often a group of people, with the authority to govern a country or state.

Tax

Compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Price Ceiling

A Price Ceiling is a government-imposed limit on how high a price can be charged for a product, intended to protect consumers from exorbitant prices.