When the Auditor Issues a Disclaimer of Opinion Due to a Material

question 6

Multiple Choice

When the auditor issues a disclaimer of opinion due to a material misstatement,the auditor should state in the opinion paragraph,that

• A)in the auditor's opinion,because of the significance of the matter described in the basis for disclaimer of opinion paragraph,the financial statements are not presented fairly in accordance with the applicable reporting framework
• B)because of the significance of the matter described in the basis for disclaimer of opinion paragraph,the auditor has not been able to obtain sufficient appropriate evidence to provide a basis for an audit opinion,and accordingly,the auditor does not express an opinion on the financial statements
• C)except for the 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
• D)except for the effects of the matter described in the basis for modification paragraph,the financial statements are not presented fairly,in all material respects,in accordance with the applicable reporting framework

---

Definitions:

Significance

The quality of being worthy of attention; importance.

Never Marrieds

Refers to individuals who have never entered into a legally recognized marriage or equivalent partnership by choice or circumstance.

Married

A legally or culturally recognized union between two people, commonly referred to as a marriage, which establishes rights and obligations between them.

Aging

The process of becoming older, characterized by gradual changes in physical, cognitive, and social capabilities over time.