In Which One of the Following Instances Would an Auditor

question 100

Multiple Choice

In which one of the following instances would an auditor most likely issue a standard unqualified opinion?

• A)Management's disclosures are missing or inadequate.
• B)There is substantial doubt about the entity's ability to continue as a going concern.
• C)There is a significant limitation on the scope of the engagement.
• D)There is an immaterial deviation from GAAP related to capitalizing repairs.

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Definitions:

Ages

Refers to the length of time that an individual, object, or phenomenon has existed.

Volunteers

Individuals who offer themselves for a service or undertaking willingly and without pay.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a data set differ from the mean.

Range

The difference between the highest and lowest values in a dataset, indicating the dataset's spread.