In Which of the Following Circumstances May the Auditor Issue

question 16

Multiple Choice

In which of the following circumstances may the auditor issue the standard unqualified,unmodified audit report?

• A)The client disclosed a change in accounting principles with an immaterial effect on financial position and results of operations.
• B)The financial statements do not disclose significant going concern issues.
• C)The financial statements do not disclose a justified departure from generally accepted accounting principles.
• D)The auditor has not been able to audit a substantial portion of the balance sheet because of circumstances beyond anyone's control.

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Definitions:

Backchannel

Backchannel communication involves the use of non-verbal cues and verbal affirmations by listeners to indicate understanding, agreement, or engagement to the speaker.

Feedback

Information or opinions about one's performance or work, intended to provide insight or guide improvements.

Immediate Interaction

Direct and prompt communication or engagement between individuals or entities.

Backchannel

A discussion on social media that occurs simultaneously with the speaker's presentation, happening in real-time as the event unfolds.