A Basis for a Modification Paragraph in the Audit of the Financial

question 54

Multiple Choice

A basis for a modification paragraph in the audit of the financial statements of a nonpublic company:

• A) Is only included with qualified, adverse, or disclaimers of opinion.
• B) Is presented after the opinion paragraph.
• C) Has a section title: Emphasis-of-Matter.
• D) Must be included in all nonpublic company audit reports.

---

Definitions:

Endorsements

Public support or approval of a product, service, or individual, often by a celebrity or authority figure.

Content Creation

The process of generating topic ideas that appeal to a target audience, creating written or visual content around those ideas, and making that information accessible to the audience as a blog, video, infographic, or other media format.

Ambassador Program

A marketing strategy that involves recruiting influential people to represent a brand and promote its products or message.

Advocacy Program

A structured plan to encourage individuals or groups to support and promote a cause, brand, or policy.