During the Course of an Audit of the Financial Statements

question 28

Essay

During the course of an audit of the financial statements of Glover Industries,a CPA is refused permission to inspect the minutes from the board of director's meetings.The CPA is instead offered a certified copy of all resolutions and actions involving accounting matters. REQUIRED: Which type of audit report would you suggest be issued this year and why?

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Definitions:

CR

Conditioned Response; a learned response to a previously neutral stimulus that has been repeatedly associated with an unconditioned stimulus.

UR

A term that might refer to an Unconditioned Response in psychology, which is an automatic, natural reaction to a stimulus.

US

Refers to the United States, a country located primarily between Canada and Mexico, composed of 50 states, a federal district, five major self-governing territories, and various possessions.

CS

Acronym for Conditioned Stimulus, a previously neutral stimulus that, after being associated with an unconditioned stimulus, elicits a conditioned response.