Maggie Oh Performed an Audit of a Client That Had

question 62

Multiple Choice

Maggie Oh performed an audit of a client that had undergone flooding to its operations in St-Jean Sur Richelieu. The client was insured and was able to keep operating. However,
There was material damage to the client's warehouse and Maggie felt it would be appropriate
To inform the users of the financial statements of this fact in the audit report. This form of audit
Report is called

• A) an adverse opinion.
• B) unmodified opinion - emphasis of matter.
• C) modified opinion.
• D) disclaimer of opinion.

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Definitions:

Response Correct

An accurate or appropriate reply to a question or situation.

Personal Responsibility

The obligation to hold oneself accountable for one's own actions, decisions, and their consequences.

Company Fault

A situation where a mistake or wrongful act can be attributed to a company or corporation, typically leading to liability or responsibility.

Natural Fabrics

Materials derived from animals, plants, or mineral sources, used in textile production without synthetic processes.