An Unqualified Audit Opinion

question 130

Multiple Choice

An unqualified audit opinion:

• A) Should be ignored by investors because the person issuing the opinion does not have the qualifications required to analyze financial statements.
• B) Is the most favorable opinion auditors can express.
• C) Is issued to alert investors to potential financial problems.
• D) Is not issued by auditors who hold CPA certification.

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Definitions:

Glycogen

A form of glucose storage in the body, primarily found in the liver and muscles.

Glucose

A simple sugar that is an important energy source in living organisms and a component of many carbohydrates.

Fuel

A substance used to produce energy through chemical or nuclear reactions, especially for powering engines or generating electricity.

Macronutrient

A type of nutrient required in large amounts in the diet, which includes proteins, fats, and carbohydrates.