When the Auditor Determines the Financial Statements Are Fairly Stated

question 4

Multiple Choice

When the auditor determines the financial statements are fairly stated and then determines that the auditor lacks independence, the auditor should issue:

• A) an adverse opinion.
• B) a disclaimer of opinion.
• C) either a qualified opinion or an adverse opinion.
• D) either a qualified opinion or an unqualified opinion with modified wording.

---

Definitions:

Stating Scope

The process of defining the boundaries and extent of a project, research, or study.

Proposal-writing Software

Proposal-writing software assists in creating and formatting proposals, making it easier for organizations to submit bids for contracts or funding.

Online Connections

Relationships or networks formed through digital platforms or the internet.

Boilerplate Text

Standardized and often repetitive text used in documents or electronic forms where the main content remains unchanged.