In Some Circumstances,the Auditor Will Not Express an Opinion on the Financial

question 60

True/False

In some circumstances,the auditor will not express an opinion on the financial statements but will instead state that an opinion cannot be expressed.

---

Definitions:

Contractual Capacity

The legal ability of an individual or entity to enter into a binding contract.

Subject Matter

The topic or substance of discussion, debate, analysis, or interest, particularly in a legal document or context.

Rescindable

Refers to a contract or deal that can be legally canceled or revoked.

Voidable

A contract or act that is voidable can be legally declared invalid by one of the parties involved, often due to reasons such as fraud or coercion.