Eagle Company, a public company, had a computer failure and lost part of its financial data As a result, the auditor was unable to obtain sufficient audit evidence relating to Eagle's inventory account. Assuming the inventory account is at least material, the auditor would most likely choose either Multiple Choice a qualified opinion with no explanatory paragraph or a qualified opinion with an explanatory paragraph. a qualified opinion or an adverse opinion. a qualified opinion or a disclaimer of opinion. an unqualified opinion with no explanatory paragraph or an unqualified opinion with an explanatory paragraph
Eagle Company, a public company, had a computer failure and lost part of its financial data As a result, the auditor was unable to obtain sufficient audit evidence relating to Eagle's inventory account. Assuming the inventory account is at least material, the auditor would most likely choose either Multiple Choice a qualified opinion with no explanatory paragraph or a qualified opinion with an explanatory paragraph. a qualified opinion or an adverse opinion. a qualified opinion or a disclaimer of opinion. an unqualified opinion with no explanatory paragraph or an unqualified opinion with an explanatory paragraph
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter15: Audit Reports For Financial Statement Audits
Section: Chapter Questions
Problem 12CYBK
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