The Auditor Issues a Disclaimer of Opinion When

question 74

Multiple Choice

The auditor issues a disclaimer of opinion when

• A)the auditor has sufficient appropriate audit evidence and concludes that the misstatements to the financial statements are material,but not pervasive
• B)the auditor is unable to obtain sufficient appropriate evidence,but the auditor concludes that the possible effects of the misstatement could be both material and pervasive
• C)the auditor is unable to obtain sufficient appropriate evidence,but the auditor concludes that the possible effects of the misstatement could be material,but not pervasive
• D)the auditor has reasonable evidence to determine that the financial statements are not free from material misstatement
• E)the auditor has sufficient evidence to determine that the financial statements are not free from material misstatement

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Definitions:

Direct Experience

Learning or knowledge gained through firsthand observation or participation, as opposed to theoretical or indirect methods.

Time-bound

A criterion for goal setting that imposes a specific timeline or deadline to achieve the goal.

SMART Goals

Specific, Measurable, Achievable, Relevant, and Time-bound objectives set to improve efficiency and success in achieving personal or professional targets.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors.