Questions
Single choice
Which of the following would be issued if the auditor believes the financial statements are presented in conformity with generally accepted accounting principles (GAAP)?
Options
A.Unqualified opinion
B.No opinion would be issued.
C.Adverse opinion
D.Qualified opinion
View Explanation
Verified Answer
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Step-by-Step Analysis
To begin, consider the scenario described: the auditor believes the financial statements are presented in conformity with GAAP, and we need to evaluate the possible opinions.
Option 1: 'Unqualified opinion' — This aligns with the auditor's belief that ......Login to view full explanationLog in for full answers
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Similar Questions
In which of the following circumstances would an auditor usually choose between issuing a qualified opinion or a disclaimer of opinion on a client’s financial statements?
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Which of the following is not one of the four basic types of auditor report?
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