Which of the Following Statements Best Explains an Unmodified Report

question 33

Multiple Choice

Which of the following statements best explains an unmodified report opinion?

• A)The financial statements contain a departure from GAAP.
• B)The auditor was unable to complete the work necessary to form a complete opinion.
• C)The auditor was not aware of any reasons not to believe the statements are correct.
• D)Based on the evidence obtained,the auditor believes the statements are free of material error.

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Definitions:

Observations

The individual data points or measured instances collected during a study or experiment.

Frequency Distribution

A mathematical function showing the number of instances in which a variable attains each of its possible values.

Relative Frequency Histogram

A type of histogram that displays the relative frequencies, or proportions, of data points within specified intervals.

Open-ended Classes

A teaching or learning style with no predetermined limits on the topics to be explored or the depth of inquiry.