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:

Self-serving Bias

The tendency to attribute positive events to one's own character but attribute negative events to external factors.

Teachers

Professionals who help students acquire knowledge, competence, or virtue in educational settings.

Teaching Ability

The capacity or skill of an individual to impart knowledge or skill to others effectively.

Internal Characteristics

Qualities or features that are inherent or intrinsic to something or someone.