Disclaimers of Opinion Can Only Be Issued by Auditors Based

question 75

Multiple Choice

Disclaimers of opinion can only be issued by auditors based on which of the following?

• A)Violations of GAAP.
• B)Substantial scope limitations.
• C)Going concern.
• D)Lack of independence.
• E)Either B or D.

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Definitions:

Social Purpose Ventures

Business activities designed primarily to achieve social goals, with profit often seen as a means to sustain the mission rather than an end in itself.

Economically Viable Entity

An organization or business that has the capacity to generate sufficient income to sustain its operations profitably.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public, often by practicing sustainable and ethical operations.

Hybrid Models

Business or analytical models that combine features from different traditional models, aiming to leverage the strengths and mitigate the weaknesses of each.