AUDITING RMU
11th Edition
ISBN: 9781260934830
Author: MESSIER
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Question
Chapter 18, Problem 18.13MCQ
To determine
Concept Introduction:
Audit report includes the opinion of the auditor on the financial statements. Auditers providetheir opinions based on the audit evidences obtained during the
To choose: The type of audit report to be issued for the given case.
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Students have asked these similar questions
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.
ABC Oil Exploration was undergoing a financial statement audit. The auditors could not obtain sufficient evidence about the inventory value of ABC Oil as on the Balance Sheet date. However, based on the numbers reported in the Balance Sheet, they realized that inventory makes up a big chunk of ABC's total assets.
This might result in:
A) No impact on the audit report
B) An Adverse opinion
C) An unqualified opinion
D) A disclaimer of opinion
1
plese help me find out what is the correct answer choice?
Chapter 18 Solutions
AUDITING RMU
Ch. 18 - Prob. 18.1RQCh. 18 - Prob. 18.2RQCh. 18 - Prob. 18.3RQCh. 18 - Prob. 18.4RQCh. 18 - Prob. 18.5RQCh. 18 - Prob. 18.6RQCh. 18 - Prob. 18.7RQCh. 18 - Prob. 18.8RQCh. 18 - Prob. 18.9RQCh. 18 - Prob. 18.10MCQ
Ch. 18 - Prob. 18.11MCQCh. 18 - Prob. 18.12MCQCh. 18 - Prob. 18.13MCQCh. 18 - Prob. 18.14MCQCh. 18 - Prob. 18.15MCQCh. 18 - Prob. 18.16MCQCh. 18 - Prob. 18.17MCQCh. 18 - Prob. 18.18MCQCh. 18 - Prob. 18.19MCQCh. 18 - Prob. 18.20MCQCh. 18 - Prob. 18.21MCQCh. 18 - Prob. 18.22PCh. 18 - Prob. 18.23PCh. 18 - Prob. 18.24PCh. 18 - Prob. 18.25PCh. 18 - Prob. 18.26PCh. 18 - Prob. 18.27PCh. 18 - Prob. 18.28P
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