Modifying the Audit Report Is Necessary When the Auditor

question 1

Multiple Choice

Modifying the audit report is necessary when the auditor

• A)concludes that the financial statements are not free from material misstatement
• B)suspects that the financial statements are not free from material misstatement
• C)is unable to obtain sufficient appropriate evidence to conclude that the financial statements are materially misstated
• D)is unable to obtain sufficient appropriate evidence to conclude that the financial statements are free from material misstatement
• E)obtains sufficient appropriate evidence to conclude that the financial statements are free from material misstatement
• F)both A and B
• G)both A and D
• H)both C and E

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Definitions:

English Law

The legal system of England and Wales, which is based on common law principles, including statutes, judicial decisions, and traditional customs.

Epidemics

Outbreaks of diseases that spread rapidly and extensively by infection among many individuals in an area or a population at the same time.

Smallpox

Smallpox was a highly contagious and deadly disease caused by the Variola virus, characterized by fever and a distinctive skin rash. It was declared eradicated in 1980 thanks to a global vaccination campaign.

Communal Healing Rituals

Practices or ceremonies performed within a community to address collective trauma, illness, or conflict, aiming at emotional or physical healing.