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 ?