Which of the Following Is Least Likely to Result in an Emphasis-Of-Matter

question 49

Multiple Choice

Which of the following is least likely to result in an emphasis-of-matter paragraph being added to an unmodified auditor's report on the financial statements of a client that sells jewelry through a retail store?

• A) A decision by the auditor to emphasize that the client is a part of a larger organization.
• B) Reliance placed upon a specialist to evaluate the diamonds.
• C) A change from FIFO to specific identification accounting for inventory.
• D) A question as to whether the client will be able to remain a going concern.

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Definitions:

Grounded Theory

A systematic methodology in the social sciences involving the construction of theories through the analysis of data.

Broadly Stated

Describes statements or claims that are made in general terms, without specificity or detail.

Goals

Broadly stated learner outcomes.

Strategic Vision

An aspirational description of what an organization or individual hopes to achieve in the future, serving as a guide for setting goals and actions.