Adverse Opinions Are Preceded by a Separate Paragraph That Should

question 45

Multiple Choice

Adverse opinions are preceded by a separate paragraph that should meet all of the following except for:

• A) Substantive alternative treatments of GAAP
• B) Substantive reasons for the adverse opinion
• C) Principal effect of the adverse treatment on financial position and results of operations and cash flows
• D) Entitled "Basis for Adverse Opinion"