A Disclaimer of Opinion Is a Clause in Auditing That

question 47

True/False

A disclaimer of opinion is a clause in auditing that a company can claim wherein the auditor is not allowed to access a high-priority portion of a company's financial records.

---

Definitions:

Examine If Closed

Instructs to check whether a circuit or contact is in a closed state, indicating a continuous electrical path.

XIC

Acronym for "Examine If Closed," a common instruction used in programmable logic controllers (PLCs) to check if a contact or switch is closed.

Internal Relay Instructions

Commands in a PLC or other control systems that enable internal processing signals or operations without using physical relay hardware, often for logic or timing functions.