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Author Question: Items that materially affect the comparability of financial statements generally require disclosure ... (Read 46 times)

knightj

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Question 1

In which situation would the auditor be choosing between "except for" qualified opinion and an adverse opinion?
◦ The auditor lacks independence.
◦ A client-imposed scope limitation
◦ A circumstance-imposed scope limitation
◦ Lack of full disclosure within the footnotes

Question 2

Items that materially affect the comparability of financial statements generally require disclosure in the footnotes. If the client refuses to properly disclose the item, the auditor will most likely issue
◦ a disclaimer.
◦ an unqualified opinion.
◦ a qualified opinion.
◦ an adverse opinion.


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Marked as best answer by knightj on Aug 21, 2022

as4309

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knightj

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review


jojobee318

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Reply 3 on: Yesterday
Excellent

 

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