In Which of the Following Situations Would an Auditor Ordinarily

question 31

Multiple Choice

In which of the following situations would an auditor ordinarily choose between expressing an "except for" qualified opinion or an adverse opinion?

• A)The auditor did not observe the entity's physical inventory and is unable to become satisfied as to its balance by other auditing procedures.
• B)The financial statements fail to disclose information that is required by generally accepted accounting principles.
• C)The auditor is asked to report only on the entity's balance sheet and not on the other basic financial statements.
• D)Events disclosed in the financial statements cause the auditor to have substantial doubt about the entity's ability to continue as a going concern.

---

Definitions:

Society-oriented

An approach or philosophy that places the welfare of society and the community above individual interests.

Societal Marketing Concept

A marketing approach that considers not only the needs and wants of consumers but also the long-term interests of society, focusing on sustainability and ethical practices.

Moral Principles

Fundamental beliefs or rules about right and wrong that guide an individual's behavior and decisions.

Larger Society

The broader social context that extends beyond smaller social units, encompassing larger groups and cultural norms.