In Which One of the Following Instances Would an Auditor

question 44

Multiple Choice

In which one of the following instances would an auditor most likely issue an adverse opinion?

• A)Management declines to present earnings per share in the income statement.
• B)There is substantial doubt about the entity's ability to continue as a going concern.
• C)There is a material dollar misstatement that is pervasive in the financial statements.
• D)The client does not allow the auditor to send confirmations to its three largest customers.

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Definitions:

DPCI Score

A metric or index, often specific to certain domains, used to evaluate or rate aspects such as performance, complexity, or risk.

Early Testing Phase

The early testing phase refers to preliminary stages of testing in a project's development cycle aimed at identifying defects or issues at an early stage, improving the overall quality and effectiveness of the final product.

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The degree to which technology is recent or innovative, impacting its adoption and integration into existing systems or processes.

Lowest Level

The most basic or fundamental stage or position within a hierarchy or system.