Under what circumstances auditor may express an unqualified opinion? 1. The view presented by the financial information as a whole is consistent with the auditor's knowledge of the business of the entity. 2. The view presented by the financial information as a whole is inconsistent with the auditor's knowledge of the business of the entity. 3. The auditor concludes that the possible effects on the financial statements of undetected misstatements are both material and pervasive.
Under what circumstances auditor may express an unqualified opinion? 1. The view presented by the financial information as a whole is consistent with the auditor's knowledge of the business of the entity. 2. The view presented by the financial information as a whole is inconsistent with the auditor's knowledge of the business of the entity. 3. The auditor concludes that the possible effects on the financial statements of undetected misstatements are both material and pervasive.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![Under what circumstances auditor may express an unqualified opinion?
1. The view presented by the financial information as a whole is consistent with the auditor's knowledge of the business of the
entity.
2. The view presented by the financial information as a whole is inconsistent with the auditor's knowledge of the business of the
entity.
3. The auditor concludes that the possible effects on the financial statements of undetected misstatements are both material and
pervasive.
1, 2, and 3
1 only
2 and 3 only
1 and 4 only
Auditing and Cont..pd
10:3
EN](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb55d39d3-176f-4e8f-84fd-74435fdbf8c2%2F80ba8cb3-1549-4cf9-9db7-013d1f6ca9f1%2Fxmlt9x_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Under what circumstances auditor may express an unqualified opinion?
1. The view presented by the financial information as a whole is consistent with the auditor's knowledge of the business of the
entity.
2. The view presented by the financial information as a whole is inconsistent with the auditor's knowledge of the business of the
entity.
3. The auditor concludes that the possible effects on the financial statements of undetected misstatements are both material and
pervasive.
1, 2, and 3
1 only
2 and 3 only
1 and 4 only
Auditing and Cont..pd
10:3
EN
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