Quiz Ch18 - View Attempt 1 of 1 Title: M18 Started: April...

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Unformatted text preview: View Attempt 1 of 1 Title: M18 Started: April 3, 2009 8:12 PM Submitted: April 3, 2009 8:33 PM Time spent: 00:20:39 Total score: 4/10 = 40% Total score adjusted by 0.0 Maximum possible score: 10 1. 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? Student Response Value Correct Answer Feedback a. Adverse and unqualified with an explanatory paragraph added 0% b. Disclaimer and unqualified with an explanatory paragraph added 0% c. Qualified and adverse 0% d. Qualified and disclaimer 100% Score: 1/1 2. If the auditor believes that there is minimal likelihood that resolution of an uncertainty will have a material effect on the financial statements, the auditor would issue a(n) Student Response Value Correct Answer Feedback a. "Except for" opinion 0% b. Adverse opinion 0% c. Unqualified opinion 100% d. Disclaimer of opinion 0% Score: 0/1 3. When audited financial statements are presented in a document containing other information, the auditor Student Response Value Correct Answer Feedback a. Has an obligation to perform auditing procedures to corroborate the other information 0% b. Is required to issue an "except for" qualified opinion if the other information has a material misstatement of fact...
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This document was uploaded on 11/26/2010.

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Quiz Ch18 - View Attempt 1 of 1 Title: M18 Started: April...

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