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:

Interference-Fit Shank

A fastening technique where the shank (the long part of a fastener) is slightly larger than the hole, requiring force to insert and creating a tight fit.

Frame Bolt

A type of bolt specifically designed for securing parts of a machine or vehicle frame.

Grade 8

is a classification of bolts indicating a high level of strength, durability, and resistance to stress and wear, commonly used in demanding applications where strength is a critical factor.

C-Channel

A structural beam with a C-shaped cross-section, commonly made of steel, used in construction for framing and supports due to its strength and simplicity.