Question 11
In which of the following situations would an auditor ordinarily choose between expressing an " except for " qualified opinion or an adverse opinion?
Question 12
When engaged to compile the financial statements of a nonpublic entity, an accountant is required to possess a level of knowledge of the entity ' s accounting principles and practices.
This requirement most likely will include obtaining a general understanding of the
Question 13
When a qualified opinion results from a limitation on the scope of the audit, the situation should be described in an explanatory paragraph
Question 14
The standard report issued by an accountant after reviewing the financial statements of a nonpublic entity states that
Question 15
Which of the following phrases would an auditor most likely include in the auditor ' s report when expressing a qualified opinion because of inadequate disclosure?
Question 16
A client has capitalizable leases but refuses to capitalize them in the financial statements. Which of the following reporting options does an auditor have if the amounts pervasively distort the financial statements?