When Expressing an Unqualified Opinion, the Auditor Who Evaluates the Audit

question 29

Multiple Choice

When expressing an unqualified opinion, the auditor who evaluates the audit findings should be satisfied that the:

• A) amount of known misstatement is documented in the management representation letter.
• B) estimate of the total known and likely misstatements is less than a material amount.
• C) estimate of the total likely misstatement includes sample error.
• D) amount of known misstatement is acknowledged and recorded by the client.

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Definitions:

Agreeableness

A personality trait characterized by warmth, kindness, and a cooperative attitude, which can influence negotiation and interpersonal interactions positively.

Cooperativeness

The willingness or tendency to work together with others towards common goals or interests.

Preferred Solutions

Outcomes or actions that are more favorable or acceptable to an individual or group involved in a negotiation or decision process.

Conflict Management Styles

Various approaches individuals or groups use to handle disputes, ranging from avoidance and accommodation to competition and collaboration.