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Author Question: Items that materially affect the comparability of financial statements generally require disclosure ... (Read 87 times)

knightj

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on: Aug 21, 2022

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.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by knightj on Aug 21, 2022

as4309

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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knightj

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

mohan

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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