An auditor who is unable to form an opinion on a new client's opening inventory balances may issue an unmodified opinion on the current year's:
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .An entity changed from the straight-line method to the declining balance method of depreciation for all newly acquired assets. This change has no material effect on the current year's financial statements, but is reasonably certain to have a substantial effect in later years. If the change is disclosed in the notes to the financial statements, the auditor should issue a report with a(an):
A Emphasis-of-matter paragraph. B "Except for" qualified opinion. C Unmodified opinion. D Consistency modification.
2 .Which of the following audit procedures most likely would assist an auditor in identifying conditions and events that may indicate substantial doubt about an entity's ability to continue as a going concern?
A Inspecting title documents to verify whether any assets are pledged as collateral. B Reading the minutes of meetings of the stockholders and the board of directors. C Reviewing lease agreements to determine whether leased assets should be capitalized. D Comparing the market value of property to am...
3 .Grant Company's financial statements adequately disclose uncertainties that concern future events, the outcome of which are not susceptible of reasonable estimation. The auditor's report should include a (an):
A "Subject to" qualified opinion. B Adverse opinion. C "Except for" qualified opinion. D Unmodified opinion.
4 .If a publicly held company issues financial statements that purport to present its financial position and results of operations but omits the statement of cash flows, the auditor ordinarily will express a(an):
A Unmodified opinion with an emphasis-of-matter paragraph. B Disclaimer of opinion. C Disclaimer of opinion. D Qualified opinion.
5 .An auditor should disclose the substantive reasons for expressing an adverse opinion in a basis for modification paragraph:
A Preceding the introductory paragraph. B Following the opinion paragraph. C Preceding the opinion paragraph. D Within the notes to the financial statements.
7 .An auditor decides to issue a qualified opinion on an entity's financial statements because a major inadequacy in its computerized accounting records prevents the auditor from applying necessary procedures. The opinion paragraph of the auditor's report should state that the qualification pertains to:
A Inadequate disclosure of necessary information. B A departure from generally accepted auditing standards. C A client-imposed scope limitation. D The possible effects on the financial statements.
8 .An auditor was unable to obtain audited financial statements or other evidence supporting an entity's investment in a foreign subsidiary. Between which of the following opinions should the entity's auditor choose?
A Disclaimer and unmodified with an emphasis-of-matter paragraph added. B Adverse and unmodified with an emphasis-of-matter paragraph added. C Qualified and adverse. D Qualified and disclaimer.
9 .When reporting on comparative financial statements, an auditor ordinarily should change the previously issued opinion on the prior year's financial statements if the:
A Prior year's financial statements are restated following a change in reporting entity in the current year. B Auditor is a predecessor auditor who has been requested by a former client to reissue the previously issued report. C Prior year's opinion was unmodified and the opinion on the current year...
10 .Before reissuing the prior year's auditor's report on the financial statements of a former client, the predecessor auditor should obtain letters of representation from the:
A Former client's attorney and management. B Successor auditor and the former client's management. C Former client's board of directors and the successor auditor. D Former client's management and the board of directors.
