Doe, an Independent Auditor, Was Engaged to Perform an Audit

question 61

Multiple Choice

Doe, an independent auditor, was engaged to perform an audit of the financial statements of Ally Incorporated one month after its fiscal year had ended. Although the inventory count was not observed by Doe, and accounts receivable were not confirmed by direct communication with debtors, Doe was able to obtain sufficient appropriate audit evidence by applying alternative auditing procedures. Doe's audit report will probably contain:

• A) A standard unmodified opinion.
• B) An unmodified opinion and an emphasis-of-matter paragraph.
• C) Either a qualified opinion or a disclaimer of opinion.
• D) An "except for" qualification.

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Definitions:

Cumulative Poisson Probability Table

A table that provides the probability that a Poisson-distributed random variable is less than or equal to a specific value.

Misprints

Errors or mistakes in printed material, often resulting from the printing process itself.

Pages

Refers typically to individual sheets or digital screens of content within a document, book, website, or software application, though not a statistical term.

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A vaccine that protects against the influenza virus, often updated annually to combat the most common strains.