If an accountant concludes that unaudited financial statements of an issuer on which the accountant is disclaiming an opinion also lack adequate disclosure, the accountant should suggest appropriate revision. If the client does not accept the accountant's suggestion. the accountant should
A. Express an adverse opinion and describe the appropriate revision in the report.
B. Refer to the appropriate revision and issue a modified report expressing limited assurance.
C. Describe the appropriate revision to the financial statements in the accountant's disclaimer of opinion.
D. Accept the client's inaction because the statements are unaudited and the accountant has disclaimed an opinion.
Ans: C. Describe the appropriate revision to the financial statements in the accountant's disclaimer of opinion.
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As interest rates consistently rise over a specific period, the market price of a bond you own would likely ____ over this period. (Assume no major change in the bond's default risk.)
Fill in the blank(s) with the appropriate word(s).
Within the framework of the equity theory, if an employee perceives iniquitous treatment and decides to work harder, what choice have they made?
a. adjust perceptions of others b. choose a different referent c. adjust perceptions of self d. change their outcomes e. change their inputs