An auditor concludes that there is substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time. If the entity's disclosures concerning this matter are adequate, the audit report may include a(an):Disclaimerof opinion"Except for"qualified opinion
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 .For which of the following events would an auditor issue a report that omits any reference to consistency?
A Management's lack of reasonable justification for a change in accounting principle. B A change in the method of accounting for inventories. C A change in the useful life used to calculate the provision for depreciation expense. D A change from an accounting principle that is not generally accepted...
2 .In the first audit of a new client, an auditor was able to extend auditing procedures to gather sufficient evidence about consistency. Under these circumstances, the auditor should:
A Not report on the client's income statement. B State that the consistency standard does not apply. C Not refer to consistency in the auditor's report. D State that the accounting principles have been applied consistently.
3 .When an auditor concludes there is substantial doubt about a continuing audit client's ability to continue as a going concern for a reasonable period of time, the auditor's responsibility is to:
A Report to the client's audit committee that management's accounting estimates may need to be adjusted. B Reissue the prior year's auditor's report and add an emphasis-of-matter paragraph that specifically refers to "substantial doubt" and "going concern." C Issue a qualified or adverse opinion, de...
4 .Management believes and the auditor is satisfied that a material loss probably will occur when pending litigation is resolved. Management is unable to make a reasonable estimate of the amount or range of the potential loss, but fully discloses the situation in the notes to the financial statements. If management does not make an accrual in the financial statements, the auditor should express a(an):
A Unmodified opinion. B Qualified opinion due to a material misstatement of the financial statements. C Qualified opinion due to a scope limitation. D Unmodified opinion with an other-matter paragraph.
5 .The following paragraph was included in an auditor's report to indicate a lack of consistency:"As discussed in note T to the financial statements, the company changed its method of computing depreciation in Year 2."How should the auditor report on this matter if the auditor concurred with the change?Type ofopinionLocation ofparagraph
A Unmodified；....Before opinion paragraph B Qualified；........After opinion paragraph C Unmodified；....After opinion paragraph D Qualified；........Before opinion paragraph
7 .Under International Standards on Auditing, the going concern period is:
A At least one year from the date of the financial statements being audited. B May be more or less than one year from the date of the financial statements being audited. C Equal to one year from the date of the financial statements being audited. D No more than one year from the date of the financia...
8 .Which of the following phrases would an auditor most likely include in the auditor's report when expressing a qualified opinion due to inadequate disclosure?
A Except for the omission of the information described in the Basis for Qualified Opinion paragraph. B Subject to the departure from generally accepted accounting principles, as described above. C Do not present fairly. D With the foregoing explanation of these omitted disclosures.
9 .An auditor concludes that a client's illegal act, which has a material effect on the financial statements, has not been properly accounted for or disclosed. Depending on the pervasiveness of the effect on the financial statements, the auditor should express either a(an):
A Unmodified opinion with an other-matter paragraph or a qualified opinion. B Disclaimer of opinion or an unmodified opinion with an emphasis-of-matter paragraph. C Adverse opinion or a disclaimer of opinion. D Qualified opinion or an adverse opinion.
10 .When disclaiming an opinion because of an insufficiency of audit evidence, an auditor should refer to the situation in the:Auditor'sResponsibilityParagraphNotes to thefinancial statements
A Yes........No B Yes........Yes C No..........Yes D No..........No
