Under which of the following circumstances might an auditor disclaim an opinion?
A. The financial statements contain a material misstatement.
B. Material related party transactions are disclosed in the financial statements.
C. There has been a material change between periods in the method of application of accounting principles.
D. The auditor is unable to obtain sufficient appropriate evidence to support management's assertions concerning an uncertainty.
Ans: D. The auditor is unable to obtain sufficient appropriate evidence to support management's assertions concerning an uncertainty.
You might also like to view...
For more than 2,000 years until the 1949 communist revolution, which of the following, which teaches the importance of attaining personal salvation through right action, was the official ethical system of China?
A. Maoism B. Feng Shui C. Confucianism D. Shintoism E. Buddhism
Tangible items
a. include professional services. b. are sold in dental offices and insurance companies. c. can be seen and touched. d. none of these choices.