When an Auditor Lacks Independence with Respect to a Client,which

question 57

Multiple Choice

When an auditor lacks independence with respect to a client,which of the following should the auditor issue?

• A)A disclaimer of opinion.
• B)An adverse opinion.
• C)A qualified opinion with explanatory paragraph.
• D)An unqualified opinion.

---

Definitions:

Diagram

A simplified drawing showing the appearance, structure, or workings of something, often used to explain or clarify concepts or processes.

Excise Tax

This is a tax levied on specific goods, services, or transactions, usually to discourage their use or generate revenue from specific sectors.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity of that good that consumers are willing to purchase.