It is appropriate to issue an opinion that contains the phrase 'Because of the significance of the matter described in the Basis for Disclaimer of Opinion paragraph' when:
A) the auditor has not accumulated sufficient appropriate evidence to determine whether the financial report is presented fairly.
B) there has been a material misstatement on a particular matter that is material.
C) there has been a material misstatement on a particular matter that is material and pervasive.
D) None of the above
Correct Answer:
Verified
Q1: The most common type of audit report
Q3: It is more difficult to evaluate the
Q4: What condition/s require/s departure from an unmodified
Q5: Whenever an auditor issues a standard unmodified
Q6: The auditor's conclusions are stated as opinion
Q7: As the auditor was enagaged to undertake
Q8: Where the preparers of the financial report
Q9: Under certain circumstances, the auditor is required
Q10: Auditors sometimes encounter situations in which the
Q11: When amounts are so material that an
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