In which of the following situations would an auditor ordinarily choose between expressing an "except for" qualified opinion or an adverse opinion?
| a. | The financial statements fail to disclose information that is required by generally accepted accounting principles. | |
| b. | The auditor is asked to report only on the entity's balance sheet and not on the other basic financial statements. | |
| c. | The auditor did not observe the entity's physical inventory and is unable to become satisfied as to its balance by other auditing procedures. | |
| d. | Events disclosed in the financial statements cause the auditor to have substantial doubt about the entity's ability to continue as a going concern. |
In which of the following situations would an auditor ordinarily choose between expressing a qualified opinion and an adverse?
If the auditor concludes that management's estimate is unreasonable and that its effect is to cause the financial statements to be materially misstated, the auditor should express a qualified or an adverse opinion.
In which of the following situations would auditors ordinarily choose between expressing a qualified opinion or an adverse opinion on the entities financial statements?
In which of the following situations would auditors ordinarily choose between qualified opinion or an adverse opinion on the entity's financial statements? The financial statements fail to disclose information that is required by generally accepted accounting principles.
When an auditor expresses an adverse opinion the opinion section should include?
09 The auditor should express an adverse opinion when the auditor, hav- ing obtained sufficient appropriate audit evidence, concludes that misstate- ments, individually or in the aggregate, are both material and pervasive to the financial statements.
In which of the following situations would an auditor ordinarily issue?
An auditor ordinarily would issue an unqualified opinion with an explanatory paragraph if he or she wishes to emphasize that the entity had significant related party transactions, or if the auditor has substantial doubt about the entity's ability to continue as a going concern (even if the circumstances are fully ...