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What the auditor opinion should be

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Reference no: EM132804316

Problem 1: The inability of the client to prepare certain audit requirements may most likely lead the auditor to

a. Withdraw from the engagement.
b. Express qualified opinion or a disclaimer.
c. Express qualified or adverse opinion.
d. Express unqualified opinion with explanatory paragraph.

Problem 2: The management of a client company believes that the statement of cash flow is not a useful document and refuses to include one in the annual report to stockholders. As a result, the auditor's opinion should be

a. Qualified due to inadequate disclosure.
b. Qualified due to a scope limitation.
c. Adverse.
d. Unqualified.

Problem 3: An auditor's opinion reads as follows: "In our opinion, except for the above-mentioned limitation on the scope of our audit..." This is an example of a(n)

a. Disclaimer.
b. Adverse.
c. Qualified opinion.
d. Unacceptable reporting practice.

Reference no: EM132804316

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