If the phrase except for is present in the opinion paragraph of the audit

If the phrase except for is present in the opinion

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16) If the phrase "except for" is present in the opinion paragraph of the audit report, the auditor has issued a(n): A) adverse opinion.B) disclaimer of opinion.C) unqualified opinion.D) qualified opinion.** 17) Items that materially affect the comparability of financial statements generally require disclosure in the footnotes. If the client refuses to properly disclose the item, the auditor will most likely issue:
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18) In which of the following circumstances would an auditor most likely express an adverse opinion? 19) A misstatement in the financial statements can be considered material if knowledge of the misstatement will affect a decision of: 20) Misstatements must be compared with some measurement base before a decision can be made about materiality. A commonly accepted measurement base includes: A) net income.B) total assets.C) working capital.D) all of the above.** 21) Ethics are: 22) The objective of an audit of the financial statements is an expression of an opinion on:
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23) If the auditor believes that the financial statements are not fairly stated or is unable to reach a conclusion because of insufficient evidence, the auditor:
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  • Spring '10
  • PEKDEMIR
  • Auditing, Ahmetturel, Vizeöncesi, Auditor's report

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