When the Auditor Issues a Qualified Opinion Due to the Inability

question 22

Multiple Choice

When the auditor issues a qualified opinion due to the inability to obtain sufficient appropriate evidence,the auditor should state in the opinion paragraph that,

• A)except for the possible effects of the matters described in the basis for modification paragraph,the financial statements are presented fairly,in all material respects,in accordance with the applicable reporting framework
• B)except for the probable effects of the matters described in the basis for modification paragraph,the financial statements are presented fairly,in all material respects,in accordance with the applicable reporting framework
• C)except for the likely effects of the matters described in the basis for modification paragraph,the financial statements are presented fairly,in all material respects,in accordance with the applicable reporting framework
• D)except for the unlikely effects of the matter described in the basis for modification paragraph,the financial statements are presented fairly,in all material respects,in accordance with the applicable reporting framework

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Definitions:

Fire Extinguisher

A portable device used to put out small fires by discharging a substance that cools the burning material, deprives the flame of oxygen, or interferes with the chemical reactions occurring in the flame.

Positive Activities

Actions or pursuits that contribute to well-being and happiness, often involving physical, mental, or social engagement.

Self-confidence

The state of trust in one's abilities, qualities, and judgment.

Budget Period

A specific timeframe, usually a fiscal year or quarter, within which financial planning and expenditure occur.