Author Question: An auditor determines the financial statements include at least a material departure from GAAP. ... (Read 45 times)

lauraleepop · **on:** Aug 21, 2022

Question 1

An auditor can express a qualified opinion due to a
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Departure from GAAP	Lack of Consistency	Lack of Sufficient Evidence
Yes	No	No

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Departure from GAAP	Lack of Consistency	Lack of Sufficient Evidence
No	Yes	No

◦

Departure from GAAP	Lack of Consistency	Lack of Sufficient Evidence
Yes	No	Yes

◦

Departure from GAAP	Lack of Consistency	Lack of Sufficient Evidence
Yes	Yes	Yes

Question 2

An auditor determines the financial statements include at least a material departure from GAAP. Which type of opinion may be issued?
◦

Disclaimer	Qualified	Adverse
Yes	No	No

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Disclaimer	Qualified	Adverse
No	Yes	No

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Disclaimer	Qualified	Adverse
Yes	No	Yes

◦

Disclaimer	Qualified	Adverse
No	Yes	Yes

zubair1583 · **Reply #1 on:** Aug 21, 2022

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